Cooking Oil
CoBank Lead Grains and Oilseeds Economist Tanner Ehmke says domestic demand for corn and soybeans remains encouraging, while wheat export demand bears watching.
Hundreds of thefts have been reported as used cooking oil becomes more valuable for biodiesel production.
China’s sustainable jet fuel exports are growing, which could increase demand for renewable feedstocks such as used cooking oil.
A first-ever unit train of soybean oil from Nebraska signals that new crush capacity is creating larger domestic markets for farmers’ soybeans.
Corn ethanol demand and stronger oilseed processing continue supporting domestic markets for crop producers.
The FAO report continues to serve as a key benchmark for global food market conditions, offering insight into how shifting supply and demand dynamics are impacting food systems worldwide.
USDA says growing soybean output and expanding biofuel demand are helping drive the increase.
March crush data showed stronger soybean and canola processing, but softer animal fat production.
Strong demand persists despite short-term price pressure.
Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.