This week saw a historic collapse in the soybean oil futures market, but prices have started to climb back up today. The animal fat and co-products market was frozen by the move lower in RINS and soybean oil with limited trading reported. The sharpest decline was in the distillers corn oil market, which has traded as low as 51 cents FOB this week. The weekly average for the Missouri River market was down 3.3 percent compared to last week. Choice white grease fell 1.7 percent and yellow grease 1.2 percent. The weekly average BFT price was up 2.2 percent from the week prior. Late week trading, last week at 60 cents Chicago from 57 is responsible for the increased average of 58.89 this week. Despite the increase, the tone in the market remains negative. Sellers were more reluctant to sell today on soybean oil’s early gains and…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...