The bean oil heating oil spread has fallen for nine consecutive days, dropping from its high of 80 cents per gallon down to today’s close at 55 cents. The soybean crush keeps churning to satisfy meal demand but there has been little interest in soybean oil from the biodiesel industry since December’s 200 million gallons of production. Climbing inventories combined with soft demand and now the news of Argentine SME gaining pathway approval has SBO prices…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...