Overall market activity was subdued again on Wednesday due to the annual American Fats and Oils Association conference in Nashville. Choice white grease into the Mo. River market traded at 54 cts/lb and 55 cts/lb, in small volumes.
Soybean oil futures eased further at midweek on additional profit-taking. The most widely traded soybean oil futures contract in Chicago closed below 55 cents per pound, at 54.86 cents per pound, down 49 basis points per pound, or 0.9 percent.
The EIA released its ethanol production estimates on Wednesday in the Weekly Petroleum Status Report for the week ending October 13th at 1.035 million barrels per day (b/d). The estimate is up 31,000 b/d from the week prior and is approximately 13,200 b/d above the August-September weekly average.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...