World vegetable oil futures markets collapsed on Wednesday following the release of long-awaited but lower-than-expected final RVO mandates from the U.S. EPA. The soybean market sold off overnight, with July, August, and September soy oil futures in Chicago trading lock limit down as the market digested leaked RVO figures that showed marginal changes to the levels proposed in December 2022.
The EPA’s official final targets published early Wednesday included a modest increase in total renewable fuels for 2023 but an overall decrease for 2024 and 2025. Still, an increase in the biomass-based diesel category for 2024 and 2025, with soybean oil being the primary feedstock for production, was lower than the industry had hoped for.
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01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
80% crude glycerin prices are being quoted in the $0.17-0.20 per pound range this week. Kosher crude glycerin prices were holding near $0.25 per pound, while refined glycerin...
01.13.2025
Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
The US animal fats and oils markets began the week on a quieter note on Monday January 13, as
01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...