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…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...