Soybeans are an important and widespread oilseed crop in the U.S., due, in part, to soybean byproducts. Soybean meal serves as feedstock for livestock and soybean oil can be converted into biodiesel and renewable diesel. Biodiesel and renewable diesel differ in their refining process, [...]
Adjusted for inflation, FAO’s Food Price Index (FPI) fell nearly 2 percent in December, reaching its lowest level since September 2021 and down about 2.6 percent YOY. FPI for all of 2022 was still up nearly 12 percent YOY and up nearly 37 percent [...]
Futures activity Jan-23 soybean meal futures closed at $424.10 per short ton on Friday, up $12.40 for the week. Jan-23 soybean oil futures fell precipitously last week, starting at $0.7312 per pound Monday and closing Friday at $0.6522 per pound, down 11 percent. S&D [...]
FAO’s Food Price Index (FPI) was reported down over half a percent in May, adjusted for inflation, the second straight monthly decline. May’s FPI was still up 20.8 percent YOY, supported by significant gains across all subindexes. Food commodities showing the most significant YOY [...]
The U.S. imported more canola, palm, and sunflower oils in March but pulled back on deliveries of coconut and palm kernel oils. Canola oil imports are predictably higher this year due to lower domestic production. During the first three months of the year, U.S. [...]
Adjusted for inflation, FAO’s Food Price Index (FPI) fell half a percent in January but was still up 6.1 percent YOY. In nominal terms (unadjusted for inflation), prices rose 1.1 percent in January, up 19.5 percent YOY. The decline in the real FPI came [...]
The U.S. imported around 4.76 MMT of edible oils last year, down just 1% from 2019 imports, which were near 4.83 MMT. USDA expects imports to continue to drift lower this year, with the edible oils complex seeing about a 2 percent decline in [...]
In the February Fats and Oils report, USDA reported that production of refined corn oil totaled 182.2 million lbs in December, up 33.6 million pounds or 23 percent from November but down 7 percent from a year ago. U.S. stocks of refined corn oil [...]
