04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
There were not a whole lot of changes made to the December WASDE report released by the USDA. Overall oilseed production for 2015/16 was forecast at 117.7 million tons. A slight reduction from the prior month due a smaller cottonseed forecast. There was no change to the soybean balance sheet and soybean meal balance sheet. Soybean ending stocks are still forecast to be at their highest levels…