Organic soybean oil prices remain bifurcated. Prices in the middle of the US are trading in the mid-’40s while prices on the coast are in the low to mid-’50s. Oversupply from heavy crushing of organic soybean oil in the spring could have generated this issue. During the spring of 2020, US crushers appear to have picked up their volumes to account for the lack of organic soybean meal that was coming to the US from India.
A bi-product was the increase in the volume of organic soybean oil, which saw its inventories rise. Organic soybean oil is used in feed and some food applications. Most of the time, soybean oil takes a back seat to sunflower oil and is labeled as vegetable oil at the supermarket. As part of the feed ration, organic soybean oil usually makes up approximately 0.5% of a feed ration. The heavy crushing in the mid-west has…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...