WTI Crude and ULSD prices edged one percent lower last week. WTI values dipped from $61.42 per barrel to$ 60.97 and ULSD slipped a penny per gallon to $1.81. Soybean oil prices fell three percent, but the decline conceals the volatility seen in vegetable oils. Soybean oil price dropped from 53.87 cents per pound to 52.48, but not before prices climbed to 57.48 midweek.
Feedstock (soybean oil) prices fell more than ULSD prices for the week, which allowed the bean oil/heating oil spread (BOHO) to narrow from $2.14 per gallon to $2.05. Biodiesel RINs have been trading near all-time highs. On March 16, the 2021 biodiesel RIN reached $1.51 surpassing its previous high of $148.50 in July of 2013. Last week, some of the pressure was taking off biodiesel RIN values with the BOHO moving lower. The 2021 biodiesel RIN declined three…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...