Biodiesel Bulletin

Biodiesel Bulletin

 

Bean Oil is Trending Lower, and Hedge Funds are Vulnerable

Bean oil prices are trading in the middle of a 6-month upward sloping channel, and trading heavy after US export sales missed expectations. The USDA said U.S. exporters generated revenue on 903,600 metric tons of soybeans during the week ended November 16, below forecasts. Bean oil sales also missed estimates.  Hedged fund traders added to both long and short futures and options positions according to…

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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