The latest World Ag Supply & Demand data released on Friday, showed that the USDA was reigning in its forecast on crush expectations. This had been expected, given the slowing pace of the crush over the past several months. The USDA trimmed expectations by 15 million bushels. A smaller crush leads to less soybean oil production. So, it follows, that soybean oil output is expected to fall. The USDA lowered bean oil…
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...