The near-term outlook for bleachable fancy tallow (BFT) is for steady pricing ahead of holiday interruptions. Soybean oil took a bit of breather today, but at prices above 27 cents and with spot material tight, distillers corn oil (DCO) prices are expected to trend steady to higher into 2021. Choice white grease (CWG) prices have increased this week, and the wide spreads to BFT and DCO add additional risk for higher prices. CWG out of the Missouri River market is at a six-cent discount to Chicago BFT, 2.2 cents more the prior three year average. The discount to DCO out of the Missouri…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...