The market closed the week on a very quiet tone with no changes or trading reported. Many are reconfiguring their first quarter expectations due to a continued lack of nearby demand at higher prices, sinking RIN values and slower than expected run rates at some biofuel facilities.
For the week the market was largely unchanged. Packer BFT, CWG FOB Mo. River, YG FOB Mo. River and DCO FOB Mo. River were flat with the prior week’s average. Trading was done in those markets this week, but at steady prices.
Soybean oil prices fell 0.4 percent from last week’s average, but concerning to some of the sellers in the market, was the fall from Monday’s surge up to 48.16 cts/lb on the March contract to a close of 46.53 cts/lb yesterday, up slightly today to 46.93 cts/lb.
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12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...