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.
Prices were steady across the protein market today. Soybean meal futures settled nearly $10 higher from yesterday’s close at $330.40 for the October contract today. Tight MBM supplies in the Australian and New Zealand markets combined with the stronger soybean meal market should start to drive prices for US origin MBM higher in the near term. Indications out of New Zealand into Indonesia were just under US$500 CIF/MT today, which would be supportive of domestic US values in the…