RBD Soybean Oil Premium to Crude Soybean Oil Reaches 47-Week High
Fastmarkets’ valuation of biomass-based diesel margins moved lower as soybean oil prices continued to rise at a more rapid pace than biodiesel. Soybean oil values climbed over two percent during the week ending July 14, and are up nearly 15 percent month over month. The rapid rise in feedstock cost has pushed margins into the red for most producers, reducing margins to levels not seen since 2021. Drought conditions across much of the Midwest, along with softer energy prices imply continued headwinds for biodiesel profitability.
The average upper Midwest B100 price increased from $5.39 to $5.48 per gallon as biodiesel producers reported stronger prices for the third time in four weeks. The price increase was unable to keep pace with the rise in soybean oil cost, adding to margin difficulty.
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12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...