Chicago packer BFT traded higher today in three cars. Choice white grease trading was done steady into the Chicago market today, two cars. Tech tallow has been quiet and supplies are likely tight with cattle slaughter estimated at 73 percent of year prior levels this week. Sellers short on material and buyers in the chemical sector with limited optionality are likely to keep prices supported in the nearby market, but a lack of demand from other sectors and the eventual resumption of production add risk for lower prices in May. With RBD soybean oil prices suggested as low as 30 delivered, tech tallow above a 33 – 34 cents range would likely be a pass for renewable producers based on LCFS feedstock credit…
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...