Used cooking oil prices were indicated lower into the Gulf for forward trades and higher on an FOB basis out of Illinois, Northern California and Southern California today. Sources have indicated that a number of buyers are a “no-bid” today as they continue to try to wait out the volatility in the energy, soybean oil and RIN markets.
Distillers corn oil prices moved lower today for neary and forward sales. Delivered Gulf numbers were lower with sources suggesting 85 was a “tradeable” number today but there was no volume reported.
Yellow grease prices were higher today and have moved higher through the start of the year, driven by a strong corn market and higher animal fat prices. The weekly average price for Illinois yellow grease is up 39.8 percent since the week ending Dec 31, 2021. The price of yellow grease relative to corn has increased substantially during the same time period, up 91 percentage points to 457 percent. The relative price of yellow grease to…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...