Distillers corn oil (DCO) prices moved higher today on continued strong demand from the feed and biodiesel sector ahead of holiday downtimes. Ethanol production was estimated at 991,000 barrels per day, the highest level since the week ending March 20th. Distillers corn oil production is estimated at 9.4 million pounds per day for last week. While supply was up for last week, again, it’s expected to decrease through the last two weeks of the year. Additionally, the overall supply in the feedstock and feed fat market is tighter and there is strong demand from the renewable diesel sector. With additional capacity coming online in 2021 the demand already starting to show in…
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...