05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Biodiesel Market
Closing Comments
The blending outlook became a bit more expensive. Heating oil prices slipped a penny, settling at $1.88 per gallon while soybean oil futures climbed two percent to 28.77 cents per pound for March delivery. Lower heating oil and stronger soybean oil combined and pushed the bean oil/heating oil spread five cents higher to 23 cents per gallon. The 2019 biodiesel RIN did not offset the rise,…