Soybean oil prices continue to surge higher, settling at a multi-year high of 53.55 cents per pound at the Chicago Board of Trade. Crude oil prices drifted lower, closing at 64.01 per barrel, while heating oil futures were basically unchanged at $1.91 per gallon. Soybean oil was up more than a penny a pound and is up nearly three cents a pound in the past three trading sessions.
The continued rise in…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...