Trading was quiet today with no changes reported. The BFT market has been quiet most of the week with the November market seemingly well bought and well sold. After last Friday’s technical tallow trade of 33 cents on two cars, optimism from sellers for higher BFT prices vanished. A technical tallow market at 33 cents suggests lower BFT prices are in store, but additional 33 cent material has been nonexistent since last week’s trade and buyers haven’t bit on 35 cent offerings. The Chicago tech tallow market will be unquoted on Monday if there is no activity in the market.
Demand from Brazil continues and values for BFT into the Gulf region have traded outside of the 30-day window at a premium to the Chicago market. Sellers may forgo the Chicago market in the near term in favor of higher prices to the West or into the Gulf. Indications on BFT have been as…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
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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
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