Nearby cash bids and offers on crude-degummed (CD) and refined, bleached, and deoderized (RBD) soybean oil in central Illinois were lower. Indications on RBD soybean oil in the region were reported most recently at 13 cents to 13.50 cents, down from 13 cents to 14 cents last week. CD soybean oil in the region was pegged between 4 cents and 4.50 cents, down 50 basis points from early last week. Demand for soybean oil has been on the lighter side, with sources suggesting that many of the large U.S. renewable diesel (RD) producers remain very well covered through at least the end of the fourth quarter of this year.
Figure 1.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
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US fats and oils markets quiet amid industry event; DCO production up
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The...
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US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...