Trading was mostly steady today with few changes reported in the market. Distillers corn oil prices did move higher with improved demand from the bio sector and a wide spread to soybean oil helping to push the market up. Ethanol production jumped to 958,000 barrels per day last week, up 5.5 percent compared to the week prior and down 7 percent compared to the prior three-week average. Distillers corn oil production is estimated at an average of 9.09 million pounds per day. For July and August, the average price spread between Missouri River DCO and nearby SBO over the last three years is 5.27 and 5.17 cents, respectively. At an average of 22.75, DCO…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...