Uncertainty and volatility ruled the market this week, but on a whole, prices averaged higher versus the prior week. Soybean oil bounced around in range of $0.7415 -0.7603 this week, closing the week on the high. Distiller’s corn oil prices finished the week with an average of $0.8270 FOB Mo. River, but did trade as high as $0.8800/lb early in the week on big gains in the heating oil market. Used cooking oil prices were higher in a number of markets and the Southeast delivered was up 7.5 percent from what had been a fairly quiet/stagnant market in late February.
Figure 1.
There is more negative sentiment creeping into the market on grease, distillers corn oil and forward…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...