04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Soybean Oil Futures Marginally Lower
Soybean oil futures settled about 1/4 percent lower (July contract -5 basis points per pound) on Monday while the palm oil market was closed in observance of a holiday. Soybean oil futures followed crude oil prices higher early in U.S. trading after the announcement by Saudi Arabia that it was cutting output sent prices sharply higher. However, crude oil and soybean oil sold off through most…