The estimated crush margin fell nine cents per bushel, as in increase in the cost of corn and a decrease in the value received for soybean meal outpaced a 7.35% gain in the value received for soybean oil. Soybean oil has found an updraft in pricing from Indonesia’s decision to nearly triple the subsidy for biodiesel. The Indonesian government approved the subsidy, which will move from 1,500 rupiah (12 cents per liter)…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...