Vegetable Oil Bulletin

Vegetable Oil Bulletin

 

Crop Progress – – Crop conditions improve for wheat, corn, peanuts; slip for soybeans and cotton

17% of the corn crop is in the silking stage, up 12 points from last week and 9 points ahead of the 5-year average. Crop conditions slipped slightly over the past week, dropping a point in the good to excellent category and the poor to very poor category. 76% of the crop is rated good to excellent and 6% as poor.  Last year at…

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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