It appears that following downdraft in prices during the first half of March, bean oil prices have found a bottom and are attempting to gain traction. This phenomenon is across most commodity complexes, as even oil prices despite its high inventories are holding ground.
The catalyst now seems to be the recent weakness in the US dollar. Dollar strength dominated the commodity landscape prior to last…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...