04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
PROGRAMMING NOTE: The Grain and Feed Bulletin will not publish on Thursday, Nov. 26. We’ll print a price update on Friday, Nov. 27 and be back to our normal schedule on Monday, Nov. 30.
Weekly Recap – Brazil Allows Soybean and Soybean Oil Imports in Biodiesel Production
Soybean futures continued to move higher last week, values advanced on a weekly basis for the third consecutive week and are up nearly 12 percent during the period. Lack of sufficient crop moisture in South America remains a concern to global supply, which is also supporting US export demand. Brazil just announced that they will allow imported soybeans and soybean oil for biodiesel production. This announcement could add to recent export interest in soybeans and soybean oil. Soybean exports…