Soybean oil got hit not once but twice today as the March CBOT contract traded as low as $30.05 cents per pound before recovering slightly to $30.34. Yesterday afternoon the EPA announced that they had approved a RFS pathway for Argentine SME. A move that will likely provide a flood of the Argentine product into the country due to their differential export tax system, which allows them to sell…
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...