RBD Soybean Oil Premium to Crude Holds Near 46-Week High
Fastmarkets’ valuation of biomass-based diesel margins moved sharply lower last week as soybean oil prices continued to rally. Soybean oil values climbed nearly four percent during the week ending July 7, and are up more than 20 percent in the past month. The rapid rise in Feedstock cost has pushed margins into the red for most producers, allowing margins to fall to levels not seen since 2021. Drought conditions across much of the Midwest, along with softer energy prices imply continued headwinds for biodiesel profitability.
B100 prices increased from $5.26 to $5.39 per gallon as biodiesel producers reported stronger prices for the second time in three weeks. The price increase did not keep pace with the rise in soybean oil cost, adding to margin difficulty.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...