Distillers corn oil (DCO) prices were higher for spot sales out of the IL/WI, Mo. River and NE/KS markets today. Demand remains strong through the remainder of the year and prices have been helped by the continued surge in soybean oil prices. Spot prices continue to track over 90 percent of the price of nearby soybean oil on tighter production. Ethanol production was estimated lower by the EIA at 962,000 barrels per day last week. DCO production is estimated at 9.13 million pounds per day, down 1.5 percent from last week and 8.4 percent from the prior three-year average. It’s reasonable to expect prices to remain supported at these levels if soybean oil prices continue along at current levels. With COVID shutdowns there is risk in the market for supplies to continue to…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
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
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...