Distillers corn oil trading was higher today with strong demand continuing from the biofuels and feed sectors. The EIA estimated ethanol production at 923,000 barrels per day for the week ending October 2nd. Distillers corn oil production is estimated at 8.76 million pounds per day, up 4.8 percent from the week prior and down 3.7 percent from year ago levels. The strong demand and lower supply relative to year ago levels contributes support to the near term market. The same holds true for the used cooking oil market, which continues to have lower…
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...