The overall tone of the market was quiet with both buyers and sellers continuing to take a wait-and-see approach. Heating oil and crude oil prices moved higher today. Overall supply concerns tied to the ship lodged in the Suez Canal seem to be a big driver of the increases today.
Yellow grease prices did move higher into the KS/TX market. Distillers corn oil (DCO) prices were higher for the spot and forward markets and the trading range has widened. Buyers in the renewable sector appear to be engaged in some defensive buying. Higher prices are being used to keep local material local as big demand from the renewable sector has started to spread to multiple geographies. The Energy Information Administration (EIA) reported a big drop in ethanol production for…
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...