The market today was active with demand sectors increasingly disparate in their buying approach. Biodiesel producers continue to lower their bids basis weak heating oil values, poor margins and high relative prices to soybean oil. Feed buyers, including pet food, have been active in building inventory, or rebuilding inventory, ahead of any potential logistical interruptions. Renewable diesel demand, particularly export demand, is strong at the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...