Vegetable Fats & Oils

Vegetable Fats & Oils

 

Bean Oil Consolidates as Hedge Funds Exit Positions

Bean oil prices moved lower on Tuesday, following a long holiday weekend in the United States.  Prices action has been volatile, as hedge fund traders continue to alter their positions.  The term structure in bean oil remains negative, as large volume of bean oil in storage, continues to create an overhand.

Hedge fund traders significantly reduced short position allowing prices to increase from 30…

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04.23.2024

Rising BOHO spread spurs RIN values higher

Rising BOHO spread spurs RIN values higher

Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...

04.23.2024

DCO premium over CWG hits multi-month low

DCO premium over CWG hits multi-month low

Lard traded steady on a Chicago basis, with 16 cars traded at 41 cents per lb.

Yellow grease traded down at 37.5 cents per lb delivered US Gulf...

04.23.2024

Animal proteins mixed for Tuesday

Animal proteins mixed for Tuesday

Fastmarkets assessed

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 at $250-300 per short ton on Tuesday, up from $250-280 per ton on April 22. Contract pricing for meat and bonemeal has been...

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