Trading was mostly quiet today with many in the market seemingly well covered ahead of the holiday break. Buyers and sellers were happy to trade steady prices across most markets. BFT prices were lower into the Gulf today on trading from late yesterday. UCO prices moved higher into the Gulf and indicated as “firm” in most other markets today.
Seasonal downtime continues in the ethanol industry as evidenced by today’s EIA Weekly Petroleum Status Report. The EIA estimated ethanol production for last week at 983,000 bbl/day, down 4,000 barrels per day from the prior week and down 41,000 bbl/day from the Q1 average.
The Jacobsen estimates distiller’s corn oil (DCO) production at 9.3 million pounds per day, down 3.0…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...