Trading in the US cash edible oil market remained quiet on Tuesday October 22.
Fastmarkets assessed the price of cottonseed oil, PBSY, fob Mississippi Valley, at $0.5000-0.5100 per lb on Tuesday, rising from $0.5000 per lb a day earlier on an uptick in soybean oil futures.
A trading source said that the nearby soybean oil market was very tight through the first half of November, with several larger suppliers not making any offers.
On Tuesday, Fastmarkets assessed the price of soybean oil, basis, crude-degummed, US Gulf, for nearby delivery, at a premium of 450-500 basis points per lb to the benchmark December soybean oil futures contract in Chicago. Offers were heard as high as 600 basis points per lb, but no business was heard done at these elevated levels. This compared with an assessed basis premium of 400 points per lb on October 22.
…
10.28.2024
US crude, kosher crude glycerin prices to increase amid uncertainty on biodiesel tax credit: sources
Crude glycerin supply is highly correlated with biodiesel production; it is a co-product of the biodiesel production process, and it remains uncertain how many US biodiesel producers will be...
10.28.2024
US CWG prices dip slightly amid increasing hog slaughter rates
The US animal fats markets experienced a quiet start on Monday October 28, with little change reported aside from a slight dip in choice white grease prices on an...
10.28.2024
US cattle slaughter forecast up w-o-w, down 2% y-o-y
Trading in the US animal proteins market was quiet on Monday October 28, with no price changes reported.
Fastmarkets’ research team forecasts cattle slaughter at 625,000 head for...