Sep-23 futures traded narrowly during the week of Sep. 4. The contract began the short week with a modest 6.2-cent gain on Tuesday, Sep. 5, to build on the turnaround that appeared on Friday, Sep. 1. On Sep. 6, nearby futures managed to close [...]
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, [...]
Months earlier, fuel prices skyrocketed due to a somewhat artificial scarcity in supply caused by the Russia-Ukraine war. In response to that, EPA provided relief by allowing the ethanol component in gasoline to be more than the usual 10 percent, and we saw E15 [...]
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 [...]
For the week ending Jun 3, U.S. ethanol blending and refining use was 898,000 barrels per day (bpd), a five-week low and down about 1 percent YOY. Ethanol production for the week was 1.039 million bpd, down 3 percent week on week but up [...]
Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]
Futures activity Soybean futures posted a strong rebound last week, with Sep-21 futures closing on Friday up by over $0.65, at $13.5925 per bushel. Nov-21 soybeans closed lower (but higher for the week) at $13.2325 per bushel. S&D and fundamental factors 2021/22 export sales [...]
Futures activity Along with nearly all other commodity markets, corn futures experienced a sharp sell-off last week as pandemic concerns stoked fear and prompted contract liquidations. Dec-21 futures ended the week down $0.3175 per bushel from last Monday’s settle to close at $5.37 per [...]
