Physical soybean oil markets remained quiet and under some additional pressure this week. In central Illinois, prompt crude-degummed soybean oil was flat at 3.5-4 cents. Indications on refined, bleached and deodorized (RBD) soybean oil in the region eased to as low as 10.5 cents this week and were last heard at 11-11.50 cents. This was down from 11-12 cents previously.
Many of the largest buyers have covered positions through some, if not all, of the first quarter of 2024, and this has left nearby soybean oil demand for renewable diesel (RD) production at lackluster levels. This, along with weak D4 Renewable Identification Numbers (RINs) prices, which have weighed on RD margins, have been keeping a lid on bean oil indications.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...