Basis Levels on SBO Continue to Creep Higher

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Basis Levels on SBO Continue to Creep Higher

The Jacobsen | 05.18.2023

Solid buying interest from the food and fuel industries continued to support basis levels on crude-degummed and refined, bleached, and deoderized (RBD) soybean oil this week. Crude degummed soybean oil was indicated at 5 cents delivered into the Gulf. Indications on RBD from Midwest plants were heard as low as 12 cents FOB to as high as 13.5 cents. 

RBD soybean oil delivered in trucks to the East Coast for the spot and third quarter was heard between 19-22 cents. Rail indications were s...

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Animal Proteins – International

Animal Proteins – International

International animal proteins were mixed for the week. Feathermeal and bloodmeal levels were within previously set ranges on steady...

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Role of Organic Farming in Decarbonization

Role of Organic Farming in Decarbonization

Organic farming practices have failed to make the agenda in many of the climate related conversations in Washington D.C. ...

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Drug Screening Incongruent with Changing Cannabis Laws

Drug Screening Incongruent with Changing Cannabis Laws

Normalizing cannabis markets is an iterative process that requires issue after issue to be solved with policy solutions or...

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EPA Called Upon to Boost RVO’s

EPA Called Upon to Boost RVO’s

 

US Industry Warns Government is Favouring Electrification

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Key representatives from the US...

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DCO Prices Start to Peel Lower with Collapse in SBO

DCO Prices Start to Peel Lower with Collapse in SBO

Trading for fats and greases was again very quiet at midweek. Many contacts were at the second day of...

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GCAU’s Forecasted Lower into 2023/24 Marketing Year on Cattle Reductions

GCAU’s Forecasted Lower into 2023/24 Marketing Year on Cattle Reductions

Values on porcine and ruminant items were mixed at mid-week due to ebbs and flows in interest levels as...

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Wheat Midds Higher While CGM Pressure Persist; GCAU’s Forecasted Lower Out Front

Wheat Midds Higher While CGM Pressure Persist; GCAU’s Forecasted Lower Out Front

Market Update

Wheat midds were communicated as firmer for the near term on most published markets due to plant down...

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Chinese Footwear Tanners Active in Hide Market

Chinese Footwear Tanners Active in Hide Market

Interest is mainly from Chinese hide tanners who want to buy material at cheaper or steady to current market...

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Runner market commentary
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03.03.2025

EASA releases EU SAF mandate penalty reference prices

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Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

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