Biofuels prices were marginally higher today, but feedstock prices increased sharply with soybean oil up limit on the May contract today. Buyers in the feedstock markets were mostly on the sidelines after bidding lower prices to close out last week. The HOBO spread widened significantly today with bean oil up 18.75 cents per gallon while heating oil was 0.7 cents per gallon. RIN prices did increase by 15 cents per gallon, offsetting some of the widening gap in the HOBO spread.
Daily Charts
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...