Higher soybean oil prices and strong demand from the renewable and all veg feed sectors have combined to drive distillers corn oil (DCO) prices sharply higher this week. Prices traded up by as much as two cents in the spot market and two and a half cents for OND. The EIA estimated ethanol production at 926,000 barrels per day for last week, down 15,000 bbl/day from the week prior. Distillers corn oil production is estimated by The Jacobsen at just under 8.8 million pounds per day last week, down 9.5 percent compared to last year and down 1.6 percent from the week prior. The tight supplies have certainly added strength to the market, but the lack of optionality for all veg feeders combined…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...