**Please note, The Jacobsen will not publish a bulletin on Tuesday in observance of the U.S. July 4 holiday.**
Soybean oil futures markets in Chicago stormed higher on Friday, with August-December 2023 contracts trading lock limit up after the USDA released its highly anticipated annual Acreage report. The agency showed the 2023 estimated U.S. soybean planting area at 83.5 million acres, down five percent on the year. The figure also came in well below USDA’s March projection of 87.7 million acres and the average market estimate of 87.5 million acres.
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01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
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01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
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