AgResource LATAM, August 23
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US/Argentine Biodiesel
Prior to 2007, the US biodiesel industry was niche business that saw limited profitability and also limited production. In 2001, there were just 9 million gallons of biodiesel produced in the US, and by 2005 that figure increased to 91 million, and production more than doubled in 2006 to 250 million gallons. The industry then…
Soybeans End Firm At The End of Mixed Trade
It was a mixed trade across the soy complex today, with soybeans trading on both sides of unchanged before ending firm. In the product markets, soyoil was sharply higher, leaving a gap on the daily chart, while meal slumped to new lows on spreads against bean oil. Commodity fund traders sold 5,500 soybean and 3,500…
Hogs End Down, But Above Early Lows
Hogs were lower at the open and traded lower through much of the morning, though losses were pared back on buying late in the day. At the close, October was down $.20 for the day, but $.55 above the early morning lows. The hog index was down $.82 for the day at $81.53, and projected…
Afternoon Weather Update
US Pattern Little Change; Harvey Makes Landfall Fri/Saturday: The EU and GFS made limited changes to the 10-day outlook, and save for the Delta/Southeast a dry/cool pattern lies ahead. Tropical Storm Harvey looks to make landfall in SE Texas on the weekend, and for now it’s projected to maintain Tropical Storm status. It may become…
