2023 Biofuel Demand for Canola Oil Reaches Record High

2023 Biofuel Demand for Canola Oil Reaches Record High

** Amanda is out of the office and will be returning February 14. Please contact Bob Lane at [email protected] during her absence**

U.S. biofuel policies had a strong impact on vegetable oil trade and demand during 2023. According to USDA data, U.S. biofuel policy “has created a wedge between U.S. prices and world prices, which has impacted global vegetable oil and processed oil trade volumes. U.S. vegetable oil exports in marketing year (MY) 2022/23 declined significantly while vegetable oil imports increased to a record high.”

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03.01.2024

Cold, Winter Weather Impact January Soybean Crush

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**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**

U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...

03.01.2024

Week Closes with Active Gulf Market

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Animal Proteins – Friday

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The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

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