04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
For week ending March 4th, a highly volatile pricing market was witnessed as the Russia-Ukraine conflict persists. Uncertainty on grain futures and energy markets remain prevalent, showing corn and wheat climbing while soybean items, similar to last week, ebbed and flowed day-by-day.
For the week, May wheat futures were up by 21.8 percent and May soybean meal futures were lower by 1.2 percent even with a 1.2 percent rise throughout the week due to heightened volatility. Meanwhile, May corn futures rose by 7.6 percent.
Fig. 1
In response to higher pricing on the CME, DDGs and wheat midds witnessed higher pricing for most regions. DDGs in Illinois and MN/Dak regions were higher by 5.7…