04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high as 57.5 later this afternoon following a rally on the CME soybean oil board. Some sources have pointed to the attack on the Kakhovka dam on the Dnipro River in Ukraine and the potential fallout from the destruction, including further escalation in the war and additional trade disruption. However, soybean oil prices increased more than corn and wheat, which has led to speculation that there may be early bets going in on a RVO increase coming on or before the…