BFT Packer was offered at $0.2900 Chicago, four cars, and saw no interest. YG traded steady out of the Illinois market again today, $0.2200 – $0.2250, but sources have reported that the bids coming from biodiesel buyers would put values in the $0.2100 and under range. Sellers thus far have seen enough demand from the feed sector to avoid dropping that low. Values out of the California market were reported steady, but sources continue to report a difficult market.
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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...