The Midwest cash soybean oil market was fairly quiet again on Thursday. Interior supply is still said to be snug, with demand from the biofuels sector also remaining lackluster, trading sources said. Crude-degummed soybean oil into the Gulf was talked in a bid-and-ask range of 5.75-6.75 cents, down from 6-7 cents a week earlier.
In the Northeast, more solid demand from the food and manufacturing industries kept basis for refined, bleached, and deoderized (RBD) soy oil well supported at robust levels. Indications for the fourth quarter of this year were eyed at 14-15 cents and perhaps a bit higher.
…
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...