Crude oil prices have moved to a new range which appears to be floored near $50 per barrel and capped close to $55 per barrel. Recently the EIA has increased its average price for WTI to $53 per barrel, as inventories begin to balance over the course of 2017. OPEC appears to have started on the right foot according to reports about Saudi Arabia, but U.S. producers are doing their best to fill the void and…
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...