As US soybean oil futures prices rebounded on Thursday January 23 following a sharp sell-off at midweek, cash trading at the US vegetable oil market remained stalled.
The nearby basis on US interior and Gulf Coast crude-degummed and refined, bleached, deodorized soybean oil was still under pressure amid thin activity this week, with many market sources away from their offices attending the Clean Fuels Conference in San Diego, California.
The market appears to be stuck in “limbo,” waiting for additional direction from the administration of President Donald Trump not only on US import tariffs, but also on domestic biofuels policy and tax credits.
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01.23.2025
Chicago animal fats and oils market trades higher on strong demand, tight supply
Four cars of packer-grade bleachable fancy tallow (BFT) traded at 49 cents per lb Chicago on Thursday January 23, while four cars of choice white grease (CWG) traded at...
01.23.2025
Winter weather impacts poultry production; December cattle, hog slaughter under prior year
Sources continued to report limited trade for US animal proteins on Thursday January 23, leaving most prices flat day on day.
The only product under negative price pressure...
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Brazil’s tallow export prices climb, domestic bid-offer gap widens
Prices for exported Brazilian tallow rose by $20 per tonne in the week to Thursday January 23, as stronger demand from US importers led suppliers to prefer export sales...