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Blog

Bunge, Chevron JV to Build Louisiana Oilseed Processing Plant

Alexandra Watts | 03.05.2024

Prompt soybean oil basis levels and prices continued to drop this week against a background of very light trading. In central Illinois, crude-degummed soybean oil indications eased to a range of 2.5 cents to three cents FOB below the May CME soybean oil futures contract. Bids were reported as low as four cents FOB below the benchmark futures contract by midday. Basis on crude-degummed soybean oil at the Gulf also stumbled, with the latest assessments at parity to 50 points above futures.

Reports...

SOE will Require Ongoing Development

SOE is set to be implemented on March 19 and it continues...

2024 Biomass-Based Diesel Imports Second Highest on Record

United States biomass-based diesel imports continued to surge during the fourth quarter, well above last year’s pace and within...

Cattle Slaughter Trails 2023, Projected Higher into April

There was no traded volume reported today, but there was a lot of positioning in the market on changing...

Hog Slaughter Forecast Drops Into March, Remains Over 2023

The market was quiet at the start of the week with no changes.

For the week ending...

January Corn and Soybean Crush

DDGS prices have declined in the Iowa market on Monday, while other locations remained steady. Market participants noted that...

Cattle Slaughter Projected Higher into April

The US hide market had a quiet tone to start the week. A few sellers stated that carryover business...

Two Midwest Biodiesel Plants to Shut due to Poor Market Conditions

Two biodiesel production plants in the Midwest owned by Chevron Renewable Energy Group will shutter operations as a result...

Organic Fraud in Europe Detailed in New Indictment

On the eve of SOE implementation, more...

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Blog

04.24.2024

Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales

A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.

04.24.2024

Seasonal maintenance slows US DCO production

The distillers’ corn oil (DCO) market was quiet in terms of reported volume, but sources said that it was “moving under 40” in reference to the FOB values for...

04.24.2024

USDA’s APHIS issues federal order concerning HPAI in lactating dairy cattle

Fastmarkets assessed

Membership required to view content. at $370-420 per short ton on Wednesday, widening downward from $380-420 per ton on Tuesday April 23.

And Fastmarkets’ price assessment for Membership...

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