The US imported 25.3 million gallons of biodiesel while exporting 22.4 million gallons during April, both of which were 40-month highs, according the US Census Bureau. Import activity was 78 percent over March import activity and 36 percent above the amount imported in April of 2019. Cumulative 2020 imports of 67.9 million gallons are four percent above the 2019 import pace through the first four months of the year. April imports were above the monthly two-year average of 14.5 million gallons. Five countries shipped biodiesel during the month, which is up from three in March. Germany and Canada accounted for the majority of the volume, shipping 47 and 38 percent of the monthly volume. (As a side note, the Commerce Department world total did not match their country total. This happened in February as well, where they missed reporting volume for…
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...