The overall tone of the market was quiet today with many opting to buy and sell on a hand to mouth basis ahead of the RVO release, which has a June 14th deadline. Prices did move higher for DCO into Manly, IA with volume reported at 60 cts/lb today. UCO indications into the Gulf remain wide and reports of BFT into the Gulf were higher today.
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04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...