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Blog

US new crop corn, soybean export sales under way; wheat jumps 40%

Alexandra Watts | 09.13.2024

Corn
US corn sales for 2024/25 were reported at 666,500 tonnes in the week to September 5, landing below the USDA’s expected range of 700,000-1.6 million tonnes, USDA data showed on Thursday September 12.

Much of the increase came from Mexico (180,300 tonnes), unknown destinations (167,900 tonnes), Japan (81,200 tonnes), Colombia (78,900 tonnes) and South Korea (68,000 tonnes). The USDA groups undisclosed destinations under the umbrella term “unknown.”

A total of 1.45 million tonnes in sales were carried over ...

Hide traders, processors accept price decreases for steer hides

Steer hide prices softened on Friday September 13, according to a few processors and traders. The price decreases were...

Gulf palm oil, olein prices flat to down, but retain premium to fats

Spot prices for US Gulf palm oil and olein were flat to lower during the pricing session on Friday...

African organic soybean meal exports declining

Organic soybean meal imports are slowing, traders told Fastmarkets. The slowdown is not reflected in the most recent data from...

US’ Minneapolis-St Paul airport to be SAF demand hub by late 2025, Delta says

The Minneapolis-St Paul International Airport in the US state of Minnesota will become the next major center for the...

US animal fats market holds steady; DCO trades slightly higher

Animal fats and oils trading in the US were mostly quiet on Thursday September 12, despite a slight rebound...

WASDE forecasts lower year-on-year cattle, turkey production into 2025, higher pork, broiler

Trading in the US animal proteins market was quiet on Thursday September 12, with no changes reported.

USDA...

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Pressure from biofuel margins weighs on EU fat market

European fat prices moved lower in the week to Thursday September 12, driven by a continued erosion in demand...

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September WASDE increases forecast for US corn production, cuts soybean output figure

September 2024 WASDE
The USDA’s September release of the World Agricultural Supply and Demand Estimates (WASDE) update on Thursday...

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US new crop corn, soybean export sales under way; wheat jumps 40%

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