Trading was quiet today with higher offers mixing with lower prices at the CME. BFT was offered out at 71 cents Chicago, tech at 75 Chicago and CWG at 70 cents Chicago but trading was non-existent ahead of the daily close. September corn futures were down 11 ¾ cents per bushel, September soybean oil closed 1.33 cents per pound lower and September heating oil futures were off 5.2 cents per gallon, settling below $2.00/gal at $1.9690. RIN prices also moved lower for the day, further pressuring the biodiesel margins. Given the broad-based sell-off on a number of products, it’s reasonable to expect a quiet close to the week if offer prices remain elevated above…
05.09.2024
Michigan among growing list of US states incentivizing SAF
Following the passage of federal tax credits for production of sustainable aviation fuel (SAF), state governments across the US have been implementing tax credits of their own to secure...
05.09.2024
US fat exports hit multi-month high on shipments to Singapore
Four cars of packer bleachable fancy tallow (BFT) and four cars of choice white grease (CWG) traded higher on a Chicago basis on Thursday. Packer BFT was up to...
05.09.2024
Ruminant meat and bonemeal relative to CBOT soybean meal drops
US animal protein prices were steady on Thursday May 9 following multiple reports of limited trade.
Ruminant meat and bonemeal relative to soybean meal
Ruminant meat and bonemeal...