**Please note-No bulletin/price guide will be published on Monday, May 29 in observance of the Memorial Day holiday.**
Global edible oil prices were higher for a third straight session on Friday, as participants covered positions heading into the U.S. Memorial Day holiday weekend. Soybean oil market gains were supported by improved sentiment in equities and other commodities like energy due to possible progress in U.S. debt ceiling talks, as well as forecasts for warmer but drier weather in the Upper U.S. Midwest and eastern Corn Belt over the next few weeks. Still, the afternoon liquidation of long oil share positions pressured soybean oil prices, which ended up but off session highs. The most actively traded soybean oil contract in Chicago (July) settled near 49.00 cents per pound today.
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Canadian government awards $11 mln in renewable fuels grants
Canada’s federal government announced on Tuesday January 7 more than C$11 million in grants to support the development of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel.
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Draft 45Z guidance shakes UCO markets, boosts prospects for domestic feedstocks
Draft regulations for the Clean Fuel Production Credit (CFPC), part of the Inflation Reduction Act (IRA), were released on Friday January 10 by the US Treasury Department and the...
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Sausage casings bulletin, January 10, 2025
Runner market commentary
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