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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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...