04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Bean Oil Poised to Test Support as Hedge Fund Sentiment Turns Negative
The combination of robust soybean stocks and a stronger US dollar continue to keep pressure on bean oil prices. Hedge fund traders significantly switched futures position in bean oil according to the latest commitment of traders report. With the Fed meeting this week, the dollar is likely to remain stable ahead of their impending decision on interest rates.
The U.S. Department…