At the cash market, indications for soybean oil were lower at the Gulf Coast and central Illinois. Gulf crude-degummed soy oil eased to a bid-and-ask range of 6-7 cents, down from 7-8 cents previously. Refined, bleached, and deodorized (RBD) soybean oil in central Illinois was pegged at 11-12 cents for the fourth quarter of this year and 10-11 cents for the first quarter of 2024.
Soybean oil demand in the U.S. interior from the biodiesel and renewable diesel sectors has been on the thinner side of late, due to well covered positions and weak margins. Still, supply remains tight, according to market sources.
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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,...