Chicago renderer grade bleachable fancy tallow traded higher today as did choice white grease (CWG) out of the Mo. River and Indiana markets. Strong demand from a number of sectors continues to drive the market higher.
The EIA estimated ethanol production at 938,000 barrels per day for last week, the third highest for the year and the highest estimated production since the week ending January 15th. Gasoline demand was higher as well at 366.5 million gallons, the highest since the week ending November 6th, 2020. Distillers corn oil production is estimated at 8.9 million pounds per day, down 13 percent from year prior levels and down 9.5 percent compared to the prior three year average. Demand for ethanol is looking up, Reuters reported yesterday that three vessels carrying ethanol are bound for China, but exact volume was not reported. Buyers may have come into the market in Jan/Feb when ethanol prices were low and booked strong volumes. Estimated…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
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US animal protein prices remain under pressure; soymeal rises
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