Will macro pressures continue to override domestic factors in the soybean oil market?

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Will macro pressures continue to override domestic factors in the soybean oil market?

Alexandra Watts | 11.04.2024

Rising palm oil prices have been working to underpin soybean oil price levels globally, sources have told Fastmarkets. This has allowed prices to rise, even though US biodiesel producers have not been booking feedstock orders for first-quarter 2025 production. Will this continue?

A biodiesel producer said “the soy industry has written off the fuel industry to chase wider export margins in the short term. A bit of a Chicago Board of Trade run coupled with strengthening basis has...

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US biomass-based diesel imports slow ahead of BTC expiration

US biomass-based diesel imports slow ahead of BTC expiration

Imports of biomass-based diesel (BBD) had been strong over the first half of 2024, with record amounts recorded during...

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US weekly fats and oils prices stable to lower despite rally in nearby vegoil markets

US weekly fats and oils prices stable to lower despite rally in nearby vegoil markets

The US animal fats and oils markets were stable to lower on Friday November 1, with most of the...

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Porcine bloodmeal prices in Missouri River market fall slightly week on week

Porcine bloodmeal prices in Missouri River market fall slightly week on week

US animal protein prices were flat on Friday November 1, with sources reporting limited trades.

But in the...

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Sausage casings bulletin, November 1, 2024

Sausage casings bulletin, November 1, 2024

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US wheat futures decline on forecast of additional rainfall

US wheat futures decline on forecast of additional rainfall

Most grain prices on the Chicago Mercantile Exchange fell on Friday November 1. The January soybean futures contract decreased...

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US hide buyers, sellers in standoff over price increases

US hide buyers, sellers in standoff over price increases

On Friday November 1, the US hide market ended the week with some sellers settling on flat prices from...

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September domestic implied soyoil demand remains robust

September domestic implied soyoil demand remains robust

For the third straight month, implied monthly demand for soybean oil in the US was robust, as domestic soyoil...

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US biofuel capacity, feedstock demand fall in August: EIA

US biofuel capacity, feedstock demand fall in August: EIA

US biodiesel capacity declined to a four-month low of 1.995 billion gallons during August, according to data released on...

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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.

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11.22.2024

Gulf prices average higher despite weeklong declines in SBO

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...

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11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

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...

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