Two cars of lard traded into the Chicago market today.
The EIA ethanol production estimate for last week was down 16.4 percent from the week prior, the lowest production estimate since the week ending September 20, 2013. With ethanol margins at an estimated negative fifty cents, gasoline demand down 25 percent from last week and ethanol storage up to an all time high at 25.7 million barrels (just over 1 bil…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...