At the cash market, indications for soybean oil were lower at the Gulf Coast and central Illinois. Gulf crude-degummed soy oil eased to a bid-and-ask range of 6-7 cents, down from 7-8 cents previously. Refined, bleached, and deodorized (RBD) soybean oil in central Illinois was pegged at 11-12 cents for the fourth quarter of this year and 10-11 cents for the first quarter of 2024.
Soybean oil demand in the U.S. interior from the biodiesel and renewable diesel sectors has been on the thinner side of late, due to well covered positions and weak margins. Still, supply remains tight, according to market sources.
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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,...