September soybean oil prices closed the day down 1.15 cts/lb to 65.82 and December futures were down 1.12 cts/lb to 62.07, marking a two-day downturn that has shaved 2.66 cts/lb off of the September contract and 2.19 cts/lb from the December contract. ULSD traded higher, up 7.21 cts/gal on the September contract, moving the BOHO spread in a favorable direction for renewable producers.
Margins remain tight and using an assumption of 50 percent CDG soybean oil and 50 percent UCO, an unlikely mix but adequate to illustrate a point, renewable diesel margins finished last week at approximately 11 cts/gal, down from over a $1.00/gal in May and as much as $1.84/gal for the week ending July 15, 2022.
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10.31.2024
US biofuel capacity, feedstock demand fall in August: EIA
US biodiesel capacity declined to a four-month low of 1.995 billion gallons during August, according to data released on Thursday October 31 by the US Energy Information Administration (EIA).
10.31.2024
December animal fats, oils prices decline amid uncertainties on 2025 tax credits
Spot trading in the US animal fats and oils markets was relatively quiet on Thursday October 31, with only a handful of trades agreed, with uncertainties about the tax...
10.31.2024
US pasture, range conditions decline further in October
Limited trade was reported on the US animal proteins market on Thursday October 31. Reported trades were within the previously assessed price ranges.
Pasture, range conditions
The national...