Physical soybean oil markets remained quiet and under some additional pressure this week. In central Illinois, prompt crude-degummed soybean oil was flat at 3.5-4 cents. Indications on refined, bleached and deodorized (RBD) soybean oil in the region eased to as low as 10.5 cents this week and were last heard at 11-11.50 cents. This was down from 11-12 cents previously.
Many of the largest buyers have covered positions through some, if not all, of the first quarter of 2024, and this has left nearby soybean oil demand for renewable diesel (RD) production at lackluster levels. This, along with weak D4 Renewable Identification Numbers (RINs) prices, which have weighed on RD margins, have been keeping a lid on bean oil indications.
…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...