04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Bean oil prices tumbled last week, slicing through support levels and printing a 6-year low. Estimates of soybean exports continue to rise. Although USDA projects U.S. soybean exports of 1.77 billion bushels for the 2014/15 marketing year, some think that figure could be even higher.
Hedge fund traders seem to have been off sides judging by the liquidation seen within the futures…