Crude oil dropped $1.69 per barrel to $58.and took heating oil along for the ride. HO fell more than five cents to 1.90 per gallon and helped push the bean oil/heating oil spread higher. Soybean oil futures did not follow the oil complex or soybeans lower. SBO moved 50 bps higher to 32.14 cents per pound. The combination of lower HO prices and higher SBO futures dimmed the biodiesel production outlook and sent the BO-HO spread nine cents higher to…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...