Shipping Issues Continue to Force Midwest Prices Lower

Shipping Issues Continue to Force Midwest Prices Lower

It was another wild day in the market with a big volume of packer BFT trading sharply lower on a Chicago basis. Tech tallow traded lower in two cars, steady at the high end in one car. With Hurricane Ida shutting down rail traffic into the Gulf it remains a market of have and have nots – those that have not needed to sell have been able to hold out, but the volume redirected from the Gulf is massive and those having to sell are being forced to do so at lower prices. The market is trading in a wide spread, moving lower by the hour. It’s reasonable to expect prices to consolidate towards the bottom end of the range as sellers liquidate move what they have to.

Buyers in feed and biofuels sector have been pointing to high relative prices to corn and soybean oil over the last few months and have slowed their inclusion rates. The lower prices offer an opportunity to buy back into the market. 

Choice white grease traded as low as 51 FOB River today and 53 in the…

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

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...