Stronger Biofuel Demand for Soybean Oil Boosts Crop Year 2022/23 Forecast
The USDA operates on a crop year basis while most biofuel market watchers tend to look at things through a calendar year outlook. The World Agriculture Supply and Demand Estimates (WASDE) were released today and showed an expected increase in biofuel demand for soybean oil for the 2022/23 crop year. The crop year for soybean oil operates from October 1, 2022, through September 30, 2023.
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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
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December cattle on feed down on month, year
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The only significant price...