**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.**
There was a favorable move for fuel producers in the HOBO spread today with soybean oil futures falling and heating oil prices moving higher. Despite the report of RVO delays, the RIN markets moved higher today as well. Pundits have speculated that long term demand from China may win out over the short term fears of increased production and lower demand tied to surging COVID cases.
Feedstock prices remain well supported for the spot market on strong demand from the renewable diesel sector. High temps are pushing ffa levels higher limiting the amount of in-spec material available in the spot market. Forward price indications for rail shipments of UCO are in the mid-60 cents per pound level delivered, but sellers moving material in…
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...