05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
Cash market indications for corn oil, both crude and refined, and sunflower oil continued to step lower this week. Diminished demand for edible oils from the biofuels and non-biofuel industries, like the food sector, has been weighing on feedstock prices, which are down sharply on the year. Crude corn oil in the Midwest was assessed most recently in a range in the high 50 cents per pound. Refined corn oil values were indicated in the low 70 cts/lb. Since the beginning of this year, crude corn oil prices are down 10 cts/lb, or about 15 percent, and refined corn oil values are down 38 cts/lb, or 35 percent.
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