**Please Note – Bob Lane is out of the office this week, returning Monday, July 26th. in his absence, please contact Ryan Standard at 331.276.8227 or [email protected] with any questions, comments or trading.**
Biofuels prices are lower today on sinking heating oil and crude markets. The move lower in the oil sector has been attributed to concerns over rising COVID cases and a deal reached between OPEC+ nations to increase output in the coming months. Soybean oil prices moved lower as well, down 12.9 cents per gallon, which is in near lockstep with the 12.82 cents per gallon drop in the September heating oil contract.
Daily Charts
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...