Trading was mostly quiet today with markets relatively steady. Distillers corn oil did move higher with prices reported in a more narrow range. Biodiesel demand has picked up in a few markets with animal fats well priced versus soybean oil. BFT remains untraded through the Chicago market for both grades, but there are reports of higher priced interest outside of the Chicago market. Export demand should start to pick up at current prices with palm oil moving higher, soybean oil strong and Australian supply tight.
Ethanol production was reported lower for last week, the first decrease in production since the week ending April 24th. At 908,000 bbl/day, production was down 2.5 percent from the week prior and down 12.8 percent from the prior three year average. Gasoline demand was reported…
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...