Prices in the US animal fats and oils markets ended Tuesday July 30 stable to lower, reflecting ongoing hesitancy to trade, especially outside the Gulf market, as well as lower soybean oil prices.
Gulf prices were broadly lower on the day, driven by the downturn in the heating oil and soybean oil markets, well-covered August positions and firm bids at lower prices.
The soybean oil futures market fell for the third consecutive day on Tuesday following the US Court of Appeals’ ruling on Friday July 26 that overturned at least some of the Environmental Protection Agency’s (EPA) 2022 denials of Small Refinery Exemptions (SREs) under the Renewable Fuel Standard (RFS).
The court decision has the potential to decrease overall demand for US biodiesel, according to market participants, and, along with favorable growing conditions, it is pulling down soybean oil prices, which is now being reflected in some animal fats and oils markets.
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11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...