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...
Three cars of edible tallow traded down a penny today on a Chicago basis. Trading outside of the edible market was steady. Numbers were again higher at the CME today on corn, soybean oil, and heating oil, supporting a strong, fat market. The fundamentals suggest choice white grease is at risk for lower prices in the near term, despite the higher CME prices. The December corn futures contract settled at $3.7525 today at 400 percent of the price of corn, fat has a value in feed rations of $0.2680 per pound. The prior three-year average relative price of CWG to corn for September is 384.5 percent, suggesting a value of $0.2575 FOB Missouri River. Slaughter, which correlates very well with price, is expected to increase over the next six weeks, which adds further, fundamental…