Trading was again very quiet today with the only change in the market coming from the IL UCO market, down to a range of 32 – 32.5 FOB. A general lack of demand to start the year and a last traded level of 38 cts/lb into the US Gulf have pressured the FOB markets.
The EIA estimated ethanol production at 1.054 million barrels per day (b/d) for last week in today’s Weekly Petroleum Status Report. The Jacobsen estimates distiller’s corn oil (DCO) production at just over 10.001 million lbs/day for last week, slightly under the same week last year and down 0.8 percent from the week prior.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...