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Blog

Soybean Oil Basis Contained by Ample Supply, Limited Demand

Alexandra Watts | 02.21.2024

Crude-degummed (CD) and refined, bleached, and, deodorized (RBD) soybean oil basis indications were steady to a touch firmer this week. However, very little actual trading was done, market participants said.

CD and RBD soybean oil prices have plummeted more than 50 percent from their April 2022 highs, as supply remains abundant. This was evidenced by the most recent monthly figures from the U.S. National Oilseed Processors Association (NOPA). For the third...

SOE Presents Opportunity for Some

The Strengthening Organic Enforcement Act (SOE) is set for implementation in a...

Florida Legislators Target Hemp-derived Cannabinoids

Florida is one of the latest states poised to shut down the...

Crude Glycerin Prices Moving Sideways

Several factors appear in-play with glycerin values, all having an impact on the market. Biodiesel blending and cold...

Tech Tallow, Lard Prices Fall to Start Trading Week

Technical tallow traded down to 50.5 Chicago today on a ten car trade and a car of lard was...

Wide Ranges on Porcine Bloodmeal Persist

Limited trade was reported for Tuesday and although several were in on Monday, several people in the market had...

Soybean Meal Prices Slide to a 2-Year Low in Central Illinois

Although DDGs prices remained steady in most locations, there was a slight drop reported in the Michigan market. Market...

Steer Hide Prices Lower to Start Week

Notice

Lexi Watts out of Office February 21-22

Lexi Watts will be out of the office Wednesday, February 21 and Thursday,...

Refined Corn Oil Indications Slump on Tepid Demand

Spot vegetable oil trading opened the holiday-shortened week in very quiet fashion. Market participants reiterated that most action for...

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12.30.2024

Glycerin prices on rise while inventories fall

Crude glycerin prices rose this week, with sources reporting to Fastmarkets on Monday December 30 that slowing biodiesel production is leading to reduced supplies.

One trader reported for...

12.30.2024

Early publication of US agricultural products price assessments: pricing notice

Fastmarkets will publish price assessments for US animal fats and oils, animal proteins, biomass-based diesel, hide and leather, grain and feed ingredients, organic/non-GMO and vegetable oils at 12:00pm Central...

12.30.2024

US bloodmeal price spread widens even with an elevated low end: 2024 recap

US animal protein prices were steady on Monday December 30.

Hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.200 million head in the week to January 4,...

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Soybean Oil Basis Contained by Ample Supply, Limited Demand

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