Trading was quiet again today with few changes reported. Choice white grease prices remain firm with prices moving higher out of the Missouri River & Indiana market today. Demand remains strong from the biodiesel and feed sectors. Prices are starting to get toppy in terms of relative price to corn. The current average price of $0.265 FOB Missouri River has a relative price of 409 percent to the December corn contract and 420 percent to the September contract. The prior three year average for September is 385 percent, the prior two…
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...