*Amanda Luhavalja is out of the office, returning Monday Aug, 28. Please contact Bob Lane at [email protected] with any questions, comments or trading in her absence.*
Traders and end users are reporting a softening in the canola oil basis this week, while cottonseed oil and corn oil prices remain firm. Processors speaking with The Jacobsen believe basis weakening will not last and expect canola prices to remain tightly correlated with the soybean oil market.
As reported yesterday, canola oil use in the biofuel sector has been ramping higher following the additional pathway approval for renewable diesel to generate RINs from canola oil.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...