Prices in the US animal fats and oils markets ended Tuesday July 30 stable to lower, reflecting ongoing hesitancy to trade, especially outside the Gulf market, as well as lower soybean oil prices.
Gulf prices were broadly lower on the day, driven by the downturn in the heating oil and soybean oil markets, well-covered August positions and firm bids at lower prices.
The soybean oil futures market fell for the third consecutive day on Tuesday following the US Court of Appeals’ ruling on Friday July 26 that overturned at least some of the Environmental Protection Agency’s (EPA) 2022 denials of Small Refinery Exemptions (SREs) under the Renewable Fuel Standard (RFS).
The court decision has the potential to decrease overall demand for US biodiesel, according to market participants, and, along with favorable growing conditions, it is pulling down soybean oil prices, which is now being reflected in some animal fats and oils markets.
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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,...