Uncertainty and volatility ruled the market this week, but on a whole, prices averaged higher versus the prior week. Soybean oil bounced around in range of $0.7415 -0.7603 this week, closing the week on the high. Distiller’s corn oil prices finished the week with an average of $0.8270 FOB Mo. River, but did trade as high as $0.8800/lb early in the week on big gains in the heating oil market. Used cooking oil prices were higher in a number of markets and the Southeast delivered was up 7.5 percent from what had been a fairly quiet/stagnant market in late February.
Figure 1.
There is more negative sentiment creeping into the market on grease, distillers corn oil and forward…
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...