Renderer BFT was offered ¾ of a cent lower this afternoon in four cars with no trading reported. Sources continue to report hesitation from the buy side, most buyers reporting that they’re well bought for the 30-day market. Tech tallow was offered again at $0.3050 this afternoon with no takers. Packer tallow was offered at $0.2950 with the same result. There were four cars of tech that traded at $0.3000 Chicago yesterday for May.
The CWG market traded…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...