Vegetable Fats & Oils

Vegetable Fats & Oils

 

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…

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09.19.2024

SAF roadmap, collaborations announced at Bali International Airshow

SAF roadmap, collaborations announced at Bali International Airshow

At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...

09.19.2024

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.

09.19.2024

Animal protein prices steady; August cattle, hog slaughter down

Animal protein prices steady; August cattle, hog slaughter down

US animal proteins were rangebound on Thursday September 19.

August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...

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