Ethanol Production Lower, Corn Oil Prices Higher

Ethanol Production Lower, Corn Oil Prices Higher

The tallow market was quiet today in terms of trading, but there is plenty of interest to buy at the moment. Sellers have been on the sidelines, with no one wanting to short themselves this early in the month in a strong market. Edible tallow was reported yesterday at 45 cents Chicago but was unconfirmed for six cars, three in the 30-day window and three outside the 30-day window.

Distillers corn oil trading was sharply higher today as the threat of looming slowdowns in the ethanol industry, holiday tightness, high soybean oil prices, and significant demand have all mixed this week. Prices were as high as 40 cents FOB NE/KS and IN/OH with Manly, IA prices as high as 42 cents delivered. For plants moving biodiesel and renewable diesel into the California market, the current levels still offer a positive margin. The producers of non-LCFS material are pushing back on price, but there are few alternatives available, especially if a plant needs an unsaturated…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

Latest Tweets