According to the EIA’s Weekly Petroleum Status Report, ethanol production gained back a good portion of the prior weeks decline, moving 25,000 barrels higher to 912,000 barrels per day. Inventories dropped as gasoline demand increased and ethanol imports held at zero for the week. The increase in production volume led to a higher demand for corn from the ethanol industry,…
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...