Renderer BFT was bid up to $0.2600 Chicago today with no trading reported as of press time. Buyers did show interest for Chicago CWG, but the truck market is seeing good demand. Buyers in/through Chicago would likely have to pay a $0.2800 – 0.2850 number and that hasn’t attracted much attention.
California YG and UCO prices were higher again, which should come as no surprise given the red hot LCFS credit market. Assuming a 50/50 split of tallow and UCO, at…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...