04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
Organic soybean meal prices in India are rising, but the increase might not be enough for US domestic organic soybean crushers. Prices are quoted at $640 per metric ton FOB India for the November through January period. This should put organic soybean meal prices near $705 customs cleared in Baltimore. That would equate to $750 in South Central PA and imported meal near $775 per short-ton in the mid-west.
The Jacobsen has heard of a wide range of prices for organic soybean meal as well as a very wide range of organic soybean oil prices. Prices in the east have traded at $0.60 per pound, but cannot find a home in the mid-west for better than $0.45 per pound. Domestic and imported meal prices are also bifurcating. Organic soybean meal that is domestically crushed…