Vegetable Oils Bulletin

Vegetable Oils Bulletin

SOYBEAN OIL FUTURES FALL ALMOST ONE PERCENT ON TECHNICALLY-DRIVEN SELLING AND STRENGTH IN DOLLAR

Soybean futures fell for the second straight day on technically driven selling and concerns about growing world soybean inventories due to improving weather conditions in parts of Brazil. The decline drove the nearby contract below the psychologically important $9-per-bushel level for the first time since December 3,…

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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