DCO prices stable to lower while production estimates rise on week

DCO prices stable to lower while production estimates rise on week

US animal fats and oils prices finished the day largely unchanged on Wednesday October 9 amid limited trade, sources told Fastmarkets.

Overall market sentiment reflects cautious buying behavior, with many participants holding off on purchases, expecting further developments to provide more clarity as the market approaches the end of the year.

In the distiller’s corn oil (DCO) market, material traded at stable prices across most FOB Midwest markets, although the FOB Missouri River market registered a slight decline.

Sources suggested that much of the open demand appears to be booked through November, although some hesitancy remains from fuel buyers to commit to December and beyond.

Little trading was observed in the Gulf, although bids across nearly all markets continued to trend lower.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

10.09.2024

Biodiesel bid/offer spread widens amid increasing uncertainty

Biodiesel bid/offer spread widens amid increasing uncertainty

Biodiesel prices widened in the week to Wednesday October 9 with offers as high as $4.42 for B100 and as low as HO minus $0.41(at the time of the...

10.09.2024

DCO prices stable to lower while production estimates rise on week

DCO prices stable to lower while production estimates rise on week

US animal fats and oils prices finished the day largely unchanged on Wednesday October 9 amid limited trade, sources told Fastmarkets.

Overall market sentiment reflects cautious buying behavior, with many...

10.09.2024

Lackluster trade volume keeps US animal protein prices steady

Lackluster trade volume keeps US animal protein prices steady

The US animal proteins market was quiet on Wednesday October 9 with lackluster trade volumes, sources told Fastmarkets.

“Almost everyone is still assessing positions post-strike [at East Coast...

Latest Tweets