RBD Soybean Oil Premium to Crude Degummed Approaches 12-Cents
Surging soybean oil costs along with softer biodiesel pricing combined to bring biodiesel margins to a 15-week low for crude degummed and yearly low for RBD. Biodiesel producers reported softer pricing for the fifth time in seven weeks as B100 prices dipped from $5.26 to $5.21 per gallon, but the main driver in last week’s margin collapse was a 7.3 percent rise in the cost for soybean oil.
Both RBD and crude degummed soybean oil (CDSO) saw prices scramble 7.3 percent higher last week on strong domestic demand and tightening supply. Reports indicate capacity is generally sold-out through the third quarter with the market being squeezed in the near term.
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05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...