Organic soybean prices are steady near $18.50 and diverging forces continue to drive the market. Robust demand for organic soybean meal has kept crushers busy, generating large quantities of organic soybean oil. Organic soybean oil inventories are bulging, and continue to trade at a 6-cent premium to conventional soybean oil near $0.36 per pound. This oversupply also exists in the non-GMO soybean space, were oil…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...