Soybean oil prices move higher on Monday and are poised to test the top end of a range designated by a downward sloping trend line. This comes despite a decline in Chinese manufacturing data which shows that the world’s second largest economy might need additional monetary policy stimulus. Hedge fund traders added to short positions according to the latest industry report which could lead to a short squeeze.
11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...