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Blog

SBO Basis Lingers at Multi-Year Lows

Alexandra Watts | 02.14.2024

In central Illinois, basis levels for crude-degummed and refined, bleached, and deodorized (RBD) soybean oil remain at multi-year lows. Basis has been on a downtrend due to slower-than-expected demand from the biofuel and non-biofuel sectors and ample supply in interior locations of the U.S. Buyers and sellers are at a standstill, with sellers holding out for higher prices, particularly with the recent rebound in soybean oil futures on the CME.

New renewable diesel plant start-up delays have contributed to a backup in feedstocks in...

Organic Soybean Meal Imports 2023

Data for organic soybean meal import volume in 2023 is available for...

Farm Bureau Endorses Industrial Hemp Act

Hemp attorney Courtney Moran with Agricultural Hemp Solutions (AHS) has indicated that...

Biofuel Canola OIl Demand Reaches Record Hight

U.S. biofuel policies had a strong impact on vegetable oil trade and demand during 2023. According to USDA...

Soybean Oil Nudges DCO Market Higher

Ten cars of edible tallow traded down a ½ cent per pound today at 54.5 cts/lb Chicago and ten...

Total 2023 FM and IE MM US Exports

Bloodmeal traded lower on Tuesday and there were reports of negative pressure on market due to two weeks of...

Corn and Wheat Export Inspections Rise, Soybeans Drop

Price ranges for corn gluten products remained relatively stable throughout the day. However, there were reports on corn gluten...

Steer Hide Supply is Building on Increased Slaughter

Bidding activity was slow today in the US hide market due to the holidays that are being celebrated around...

Mexican Corn Policy: Destination Unknown

Mexico’s recently implemented ban on GMO food corn is at the heart...

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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