Three containers of runners traded at €0,89 this past week, down 0,01 from the previous market level. Sources have commented that continued strong US production, weak market conditions in China and heavy inventories are putting pressure on the raw material market. The majority of sources are pegging the North American runner market at $1.00 – $1.05 based on retail pricing.
It’s worth reiterating that at The Jacobsen we value data over…
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...