In the last week, spot sunflower prices in Minnesota/North Dakota surged, reaching a level not seen in almost two years.
Fastmarkets assessed sunflower oil, refined, bleached and deodorized (RBD), Minnesota/North Dakota at $0.90 per lb FOB on Tuesday January 14, up from a level of $0.82 per lb the week before.
Traders attributed the sunflower price surge to the recent rally in soybean oil futures in Chicago. The benchmark March soyoil contract settled at $0.4622 per lb on Tuesday, increasing by $0.0023 per lb, or 0.5%, from a close of $0.4599 per lb the session prior.
The soybean oil market continued to shake out after the US Treasury Department released draft guidance on the Clean Fuel Production Credit (CFPC), or 45Z, on January 10.
…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...