Trading was mostly quiet today with many in the market seemingly well covered ahead of the holiday break. Buyers and sellers were happy to trade steady prices across most markets. BFT prices were lower into the Gulf today on trading from late yesterday. UCO prices moved higher into the Gulf and indicated as “firm” in most other markets today.
Seasonal downtime continues in the ethanol industry as evidenced by today’s EIA Weekly Petroleum Status Report. The EIA estimated ethanol production for last week at 983,000 bbl/day, down 4,000 barrels per day from the prior week and down 41,000 bbl/day from the Q1 average.
The Jacobsen estimates distiller’s corn oil (DCO) production at 9.3 million pounds per day, down 3.0…
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...