Overall market activity was subdued again on Wednesday due to the annual American Fats and Oils Association conference in Nashville. Choice white grease into the Mo. River market traded at 54 cts/lb and 55 cts/lb, in small volumes.
Soybean oil futures eased further at midweek on additional profit-taking. The most widely traded soybean oil futures contract in Chicago closed below 55 cents per pound, at 54.86 cents per pound, down 49 basis points per pound, or 0.9 percent.
The EIA released its ethanol production estimates on Wednesday in the Weekly Petroleum Status Report for the week ending October 13th at 1.035 million barrels per day (b/d). The estimate is up 31,000 b/d from the week prior and is approximately 13,200 b/d above the August-September weekly average.
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...