The crush margin declined, partially offsetting last week’s gain, dropping 4.4% to $2.15 per bushel. Lower soybean prices and a higher value received for soybean oil were more than offset by a $10 per ton drop in soybean meal values. The value received from oil and meal sales, per bushel of soybeans crushed, dropped by 21 cents per bushel, while the price of soybeans fell by 18 cents per bushel. This allowed the…
05.08.2024
May STEO forecast, 2024 RVOs
The Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) showed a decrease in 2024 fuel consumption estimates. This lowered renewable fuel blending estimates for the year, leading to...
05.08.2024
DCO production falls, Gulf UCO trades higher
Used cooking oil (UCO) traded at 41.5 cents per lb delivered US Gulf on Wednesday May 8, up 1.5 cents per lb from the last reported level. UCO was...
05.08.2024
Porcine meat and bonemeal lower on diminished interest
The majority of US animal protein prices were steady on Wednesday May 8. Most values reported were within the previously set ranges, with exception to porcine ruminant bloodmeal on...