Bean oil prices hovered near support levels trading just 1.5 cents per pound above the 2015 lows. Heavy rains followed by above normal temperatures have buoyed prices as the possibility of soft yields remains in the cards. The USDA predicts soybeans will be harvested on 84.4 million acres later this year, which is the largest ever. But despite the increase in acreage, last…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...