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…
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...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...