For the third straight month, implied monthly demand for soybean oil in the US was robust, as domestic soyoil stocks totaled 1.5 billion lb at the end of September, down from 1.629 billion lb in August, figures released by the USDA on Friday November 1 showed.
US soybean crush was up by 11.3% on the month in September to 168 million bushels, rebounding from a near three-year low in August, as most processing plants returned to service from planned maintenance at the end of the summer before the harvest season.
US soybean oil demand has been strong in the last year due to increased renewable diesel (RD) production and capacity additions.
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Biodiesel markets quiet; producers brace for 2025
Biodiesel trading has been subdued over the past week, with producers mostly filling contracts. Production economics have soured, and a lack of guidance on the Clean Fuel Production Tax...
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Animal fats and oils stable to lower despite rising SBO prices
The US animal fats and oils markets closed mostly lower on Wednesday November 6, diverging from the upward trends seen in the nearby soybean oil (SBO) complex.
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US animal protein prices hold steady amid light trading
Prices were steady in the US animal protein market on Wednesday November 6, with market participants reporting light trading activity and a largely rangebound market.
US broiler slaughter