Trading was mostly quiet today with markets relatively steady. Distillers corn oil did move higher with prices reported in a more narrow range. Biodiesel demand has picked up in a few markets with animal fats well priced versus soybean oil. BFT remains untraded through the Chicago market for both grades, but there are reports of higher priced interest outside of the Chicago market. Export demand should start to pick up at current prices with palm oil moving higher, soybean oil strong and Australian supply tight.
Ethanol production was reported lower for last week, the first decrease in production since the week ending April 24th. At 908,000 bbl/day, production was down 2.5 percent from the week prior and down 12.8 percent from the prior three year average. Gasoline demand was reported…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...