Trading was consistent out of the EU market, one load at €1,19. North American trading was steady at $1.25, but there were two containers traded sharply lower at $1.12. Sources throughout the world have commented that the market is very firm and prices are poised to take off through the summer months. EU trading has been suggested at levels above current reports. Demand from China remains red hot, according to reports from a number of sources.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...