Soybean & soybean oil markets explode higher

Futures for soybeans and soybean oil lifted off last week just like the SpaceX rocket that took flight Friday in Cape Canaveral. Soybeans rallied to $15.39 per bushel, up $1.06 from Monday to Friday’s close, and have increased $1.55 since Apr. 12. Equally as [...]

2020/21 soybean stocks still pegged at 120 million bushels

Friday’s world crop supply and demand update brought an expected increase to 2020/21 U.S. soybean exports, which USDA offset by tinkering with other use numbers, leaving ending stocks unchanged from the February and March estimates. USDA attributed the 30 million bushel increase in exports, [...]

Soybean crush fell to 155.2 million bushels in February

NOPA members crushed a smaller volume last month than expected, as February’s storms may have limited the month’s processing hours. Analysts were expecting crush to be closer to 169 million bushels, slightly higher year over year in keeping with growth we saw in Sep-Jan. [...]

Soybeans correct after soaring higher on bullish WASDE

Last week was interesting for the soy complex as prices rallied before correcting a bit on Friday. A bullish WASDE report sent soy complex futures to new highs with the Mar-21 contract surpassing $14 per bushel for the first time since 2014. Likewise, soybean [...]

World food prices up 6.5%

FAO’s Food Price Index (FPI) for October was up 3.1 percent from the previous month. Year on year, the October FPI was up 6.5 percent. (All figures are adjusted for inflation; the index baseline comes from 2014 to 2016 prices.) Nearly all the price [...]

August biodiesel production up 5% YOY

Biodiesel production in August was 163 million gallons, up 1 million gallons from July and up from 156 million in August 2019. During Jan-Aug 2020, manufacturers produced 1.189 billion gallons, up 1 percent from the first eight months of 2019 and just slightly lower [...]

Soybean oil export sales pick up

The strong end to the 2019/20 soybean oil exports marketing year may have left the market a little tuckered out—or, perhaps, sufficiently supplied—and we’ve seen less shipping activity so far in 2020/21 compared to the last couple seasons. With this year barely started, however, [...]

2019 biodiesel production down 7 percent YOY

U.S. biodiesel producers manufactured 1.73 billion gallons in 2019, down from 1.86 billion in 2018. Production was lower YOY during eight months of the year and dipped sharply during Q4. December biodiesel production was 133 million gallons, up 5 percent from November but down [...]

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