The overall tone of the market was quiet with both buyers and sellers continuing to take a wait-and-see approach. Heating oil and crude oil prices moved higher today. Overall supply concerns tied to the ship lodged in the Suez Canal seem to be a big driver of the increases today.
Yellow grease prices did move higher into the KS/TX market. Distillers corn oil (DCO) prices were higher for the spot and forward markets and the trading range has widened. Buyers in the renewable sector appear to be engaged in some defensive buying. Higher prices are being used to keep local material local as big demand from the renewable sector has started to spread to multiple geographies. The Energy Information Administration (EIA) reported a big drop in ethanol production for…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...