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Market Update: NOPA Crush

Posted on Jul 17, 2015 in Biodiesel, Vegetable Oil, and Grain, News

The June soybean crush totaled 142.473 million bushels, which beat analyst estimates of 141.478 m/b. This up 20% from last year and a record for June production. However, it is also down 4% from last month and has been lower in each of the past 3 months, indicating that the crush is slowing. 5.23% more soybeans have been crushed from September through June than had been crushed during the same time frame last year.

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New USDA Monthly WASDE Report Released

Posted on Jul 16, 2015 in Biodiesel, Vegetable Oil, and Grain, News

USDA released their monthly WASDE report. Estimated soybean crushing for the 2014/15 crop year was boosted by 15 million bushels to 1.83 billion, exports were increased by 15 million bushels to 1.825 b, and ending stocks were decreased by 75 million bushels to 255. For the upcoming 2015/16 season, crushing activity was increased by 10 million bushels, pushing it to 1.84 billion and ending stocks were reduced by 50 million to 425 million bushels. For soybean oil, use of soybean oil by the biodiesel industry was increased by 100 million pounds to 5 billion pounds for the 2014/15 season. Biodiesel use of soybean oil was also increased by another 100 million pounds in the 2015/16 season to 5.1 billion pounds.

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ARA International Symposium

Posted on Jul 15, 2015 in News, U.S. and International Animal Fats & Protein

team-johnThe Jacobsen President John Donicht will be speaking at the Australian Renderers Association 13th International Symposium on the Beautiful Gold Coast of Australia this month. The topic? Informing the World–Global Fats and Proteins Market with a focus on U.S. and Australia. Stay tuned for valuable inside information from Down Under.

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Animal Fats – International

Posted on Jul 11, 2015 in Biodiesel, Vegetable Oil, and Grain, News, U.S. and International Animal Fats & Protein

There were no changes in the Australian market this week for domestic or export pricing. Sellers are optimistic that prices can move incrementally higher in the next few weeks, possibly $5 to $10 on the basis of tightening supplies in a few local markets, but exporters are facing some strong headwinds by way of cheap palm stearin out of Malaysia, $535 FOB. Cattle slaughter out of both NSW and Victoria were sharply lower this past week. Sources have also reported that demand from the international biofuels market has weakened as buyers are starting to shift away from tallow in search of cheaper alternatives. These sources were non-committal as to which feedstocks may be displacing tallow, but suggestions have ranged from UCO out of China to palm and palm derivatives from the SEA market.

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