Animal Proteins – International 14.3.24
Most values on the international front remained within the previously set ranges from last week. Slight adjustments were indicated...
Cash basis on crude-degummed soybean oil in central Illinois moved down again on Thursday. Soybean oil sellers have been lowering offers in an attempt to compete with lower-priced animal fats and low carbon intensity oil prices. Spot crude-degummed soybean oil basis in central Illinois dropped to four cents below the May bean oil futures contract in Chicago. This was down from two cents to three cents below the futures contract previously. Basis offers on crude-degummed soybean oil at the Gulf were heard at parity...
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