Late Friday and this morning packer BFT traded at $0.3000 Chicago in a total of 14 rail cars into the oleochemical sector. Edible tallow was reported at $0.3150 this afternoon.
CWG trading was steady in light volume out of the Mo. River market today, $0.2200 – $0.2300. Sources reported that the Illinois/Chicago market isn’t drumming up much interest, but available supply is fairly tight. With a BFT market at $0.0350 premium, it’s likely the chemical…
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...