US ultra-low sulfur diesel (ULSD) futures fell to a 15-month low on Wednesday August 21. Slowing economies in the US and China are weighing on markets and causing concern about the future, according to sources. A Fastmarkets survey of biodiesel producers showed prices to be following ULSD values lower.
Energy prices were pressured lower on Wednesday following a US Department of Labor report indicating job growth was overstated by 818,000 in the 12 months that ended in March. Slowing job growth is indicative of a constricting economy.
On August 15, the Chinese National Bureau of Statistics (NBS) showed housing prices in the country continued to decline, falling over 10% during the first seven months of 2024. This has caused the housing crisis in China to hit a 9-year low.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...