RBD Soybean Oil Continues to Hold 13 Cents Premium to Crude Degummed Soybean Oil
Fastmarkets’ valuation of biomass-based diesel (BBD) margins continued lower as the sustained soybean oil rally has moved at a more rapid pace than the rise in biodiesel pricing. The weekly average soybean oil price increased two percent during the week ending July 21 and is up nearly 16 percent month-on-month. The continued rise in feedstock cost has pushed margins into the red, falling to levels not seen since 2021. Drought conditions across much of the Midwest, along with softer energy prices, imply continued headwinds for biodiesel profitability.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...