Surging Soybean Oil Prices Boost DCO Market

Surging Soybean Oil Prices Boost DCO Market

The market was quiet to close out the week with no changes reported. For the week, prices were steady to higher on most products. The weekly average for Chicago packer BFT was up just shy of 1 percent and Missouri River CWG closed the week at 1.2 percent over last. The big gains came from the vegetable oils with distiller’s corn oil up 3.7 percent from last week and soybean oil up 8.5 percent from the week prior. Since Monday, the nearby soybean oil futures market is up over four cents per pound. Drought in Canada is bulling up the canola markets, which will contribute to additional tightness in an overall tight veg oil complex. Stronger vegetable oil prices, as currently seen in the soybean oil market are supportive of higher fat prices. However, RIN prices and/or heating oil prices are going to have to increase as well for biodiesel producers…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

Latest Tweets