Crushing activity was increased by 15 million bushels to 1.845 billion bushels. Increased crushing activity pushed soybean oil production 150 million pounds higher.This trickled through the balance sheet resulting in 2014/15 ending stocks increasing by 125 million pounds.Read More
Soybean and soybean oil prices crashed with the August WASDE report issued today. Soybean prices fell more than 60 cents per bushel as soybean yields were increased, leading to a higher production outlook and stronger ending stocks for the 2015/16 crop year.Read More
Can you count the moving targets in play today in this Biodiesel market? EMTS data, HOBO, D4 or D5, argie bio and sugar cane etoh arbs, BTC or PTC the ways in which just the remainder of CAL 15 might play out is nothing short of dizzying. Sure the June EMTS number for D4 generation was HUGE, but this was largely anticipated by most given the June B15 generation numbers were a product of May production largely when everyone was throttling every drop of production blissfully hoping for the double down play of a RIN spike and a BTC event.Read More
Click to enlarge[/caption]Animal fat usage for biodiesel production has been steadily increasing as production technologies have improved. Fat usage peaks in the summer when cloud point issues aren’t as much of a concern as they are during the cold, winter months. Over the last year, usage has become more volatile as availability and demand have fluctuated. Buyers have become more price sensitive and have the ability to switch feedstocks much more easily than in the past and more buyers are able to take advantage of cheaper prices or exclude material when prices become too high.