05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
In its November World Agricultural Supply and Demand Estimates (WASDE) released at noon on Thursday, the USDA reduced projections for 2023/24 beginning and ending U.S. soybean oil stocks. U.S. soybean oil inventories are expected to start the 2023/24 marketing year at 1.602 million pounds, down 159 million pounds from the prior month’s outlook. Estimates for 2023/24 ending soybean oil stocks were also reduced by 159 million pounds to 1.577 million pounds.
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