A big volume of packer BFT was done at $0.3250 into the Gulf market, but dates could not be verified for 30-day shipment. While the 30-day window may or may not be seeing action at this level, buyers in the Gulf region have an appetite for BFT at $0.3250. Chicago trading, as reported yesterday, was done in good volume at $0.3050.
Trading in the yellow grease market was up a penny into the KS/TX market at $0.2600 – $0.2700 delivered. Trading out of the IL…
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...