Soybean Oil Cash Basis Continues to Slide

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Soybean Oil Cash Basis Continues to Slide

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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Animal Proteins – International 14.3.24

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...

U.S. Organic Premiums Outpace Europe’s

U.S. Organic Premiums Outpace Europe’s

Organic soybean meal prices have settled into a tight range as trading...

New Research Reveals Widespread Teen Cannabinoid Use

New Research Reveals Widespread Teen Cannabinoid Use

A national survey polling U.S. high school seniors found that 11 percent...

BOHO & RINs Sprint Higher

BOHO & RINs Sprint Higher

Last week, money managers raised their net short position in Chicago Board of Trade (CBOT) soybean oil futures more...

DCO Production Falls on Lower Ethanol Ouput

DCO Production Falls on Lower Ethanol Ouput

Spot trading in the distiller’s corn oil (DCO) market was broadly higher today, although there was a trade at...

Quiet Midweek Keeps Animal Proteins Flat

Quiet Midweek Keeps Animal Proteins Flat

Sources said bloodmeal and meat and bonemeal prices were supported at midweek. However, values remained steady at previously set...

Ethanol Production and Stocks Drop Below Weekly Levels

Ethanol Production and Stocks Drop Below Weekly Levels

Wheat midd prices in the Minneapolis market were slightly higher on Wednesday, while...

Increasing Automotive Hide Demand and Tight Supply Lead to Price Increases

Increasing Automotive Hide Demand and Tight Supply Lead to Price Increases

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12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

US animal fats and oils end week softer across the board ahead of holiday slowdown

Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

12.20.2024

December cattle on feed down on month, year

December cattle on feed down on month, year

Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.

The only significant price...

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