05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
The estimated crush margin fell another 3%, dropping 6 cents per bushel as the margin narrowed for the fourth consecutive week. The entire soybean complex moved lower this week. However, the value received from oil and meal sales fell at a more rapid pace then the decreasing price paid for soybeans. The value received from oil and meal sales, per bushel of soybean crushed, fell by 34 cents, while the price paid for a…