Trading was quiet today with most buyers and sellers remaining on the sidelines in an attempt to wait out the volatility in the outside markets. Soybean oil finished the day up 1.15 cts/ls, corn was up 23.25/bu and heating oil/ULSD was up 38.5 cents per gallon or 12 percent.
Choice white grease prices remain reported in a wide spread out of the Missouri River market, 63 – 68 cents per pound FOB. The stronger heating oil/ULSD market and lower grease market pushed the spread between the two down to $1.82/gal today, the lowest since March 8 and 15 cents per gallon below the Feb – March average of $1.97/gal.
Figure 1.
Since Feb 1,…
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...