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.
Weekly Recap
March and May Soybean futures both dropped 11 cents for the week as Friday’s sell off sent the contract’s 18.25 and 11.5 cents lower on the day. Soybean exports fell 60% week to 198.7 TMT and were well below trade estimates that ranged from 300 to 575 TMT. Soybean export commitments are 98% of forecast with 25 weeks to go. Cash prices remained in line with futures values, as there was little to no change in…