Biodiesel prices continue to drift lower, reaching lows last seen in January 2022. Glycerin values appear to be bottoming and edged higher for a second consecutive week. Soybean oil prices climbed slightly but remain in a downward trend.. Margins narrowed last week and are in the red for some RBD soybean oil users, depending on fixed costs.
Biodiesel prices have only managed to move higher in one of the past 26 weeks but with domestic demand rising 14 percent in March, based on the EPA’s monthly EMTS report, biodiesel prices might be seeing some support. Year over year, domestic biodiesel production is down four percent.
The average price for soybean oil increased one percent last week for RBD and 0.8 percent for crude degummed soybean oil (CDSO). RBD pricing is 1.2 percent below month ago levels while CDSO three…
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...