Crude oil prices remain under pressure but the overall petroleum complex is being helped by solid demand for gasoline. Crack spreads are trading near record highs for this time of year, putting the onus on refiners to run input and make hay while the sun is shining.
Gross inputs to U.S. refineries exceeded 17 million barrels per day in each of the past four weeks, a level not previously reached since EIA began publishing…
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...