It was a very quiet day in the market with little trading reported. Chicago tech tallow did trade at $0.3150, just outside of the 30 day window. There is more product offered that way for the 30 day position, but the nearby market seems to be well bought.
Sources were talking CWG lower today on strong kills and weak macros that continue to pull biodiesel margins lower.
Prices were fairly flat last week while the market…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...