** Amanda will be out of the office until Friday December 8 **
The price of feedstock is the largest expense facing biofuel producers and rising feedstock costs are having an impact. Soybean oil has been the most widely consumed feedstock, but canola oil demand has been on the rise due to a pathway creation into renewable diesel production. This has made it an increasingly popular feedstock for 2023.
Producers of biodiesel and renewable diesel consumed 9.1 billion pounds of soybean oil in 2021, 10.5 billion pounds in 2022, and are projected to use up to 13 billion pounds in 2023. Total feedstock consumption increased 21 percent in 2022 to 22.4 billion pounds and could rise 40 percent in 2023, to over 30 billion pounds.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...