Surging soybean and canola oil prices put a damper on the economic outlook for biodiesel production and blending. Southern Canada is being hammered by moisture shortages that will likely end up effecting oil yield. Domestically, the US market is reacting to similar conditions in the corn belt. Drought conditions, should they occur, couldn’t happen at a more vulnerable time for corn than July, and August for soybeans. Corn…
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...