Vegetable Oils Bulletin

Vegetable Oils Bulletin

 

Crop Progress – The latest data signals are neutral for corn and peanuts, bearish for beans and wheat, and bullish for cotton

Corn planting is coming to a close.  The corn crop is 98% planted as of June 5th. This is up 4 points from last week and is a point above the 5-year average of 97%. 90% of the crop has emerged, which is 1 point more than last year’s pace and 14 points ahead of the 5-year average. No states are showing any significant planting…

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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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