Trading was very quiet today with no changes reported. There remains upward pressure in the tallow markets as buyers look to cover in material for Jan from a well sold market. Choice white grease prices were up again this week as sellers look to close the spread to tallow and buyers are left with few options. The fundamentals suggest feed and biodiesel buyers are starting to get altitude sickness at current levels. The HO-CWG spread currently sits at a – 74 cents per gallon and the current economics don’t leave a lot of room on the upside of the fat market for a positive margin. It’s unlikely that many plants are running on pure choice white grease this time of year. To offset the high price of veg oils needed to keep cloud points lower, buyers are…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...