Biodiesel prices continue to drift lower, reaching lows last seen in January 2022. Glycerin values appear to be bottoming and edged higher for a second consecutive week. Soybean oil prices climbed slightly but remain in a downward trend.. Margins narrowed last week and are in the red for some RBD soybean oil users, depending on fixed costs.
Biodiesel prices have only managed to move higher in one of the past 26 weeks but with domestic demand rising 14 percent in March, based on the EPA’s monthly EMTS report, biodiesel prices might be seeing some support. Year over year, domestic biodiesel production is down four percent.
The average price for soybean oil increased one percent last week for RBD and 0.8 percent for crude degummed soybean oil (CDSO). RBD pricing is 1.2 percent below month ago levels while CDSO three…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...