Interior U.S. soybean oil basis levels were flat to slightly lower over the last week. Buying interest appears to have stalled for now, sources said, after many of the larger players in the renewable sector secured coverage for nearby and fourth-quarter positions in August. Gulf crude-degummed (CD) soybean oil moved down to a wider bid-and-ask spread of 5 cents to 7 cents. Basis on refined, bleached, and deoderized (RBD) soybean oil in central Illinois for the first quarter was heard at 11 cents to 12 cents but those levels could not be confirmed at press time. The prompt RBD soybean oil market was mostly indicated in the mid-teens to the East and West Coasts.
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...