At the cash market, indications for Mississippi Valley cottonseed oil (PBSY) dropped four cents from prior assessments. Values stepped down from 74 cents per pound last week to 70 cents per pound, one of the lowest levels yet this year. This was attributed to ongoing weakness in soybean oil futures on the CME. Spot cottonseed oil prices are down close to 30 percent from the 2023 high of 98 cents per pound reached in January.
Figure 1.
…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...