Bean oil prices tested trend line resistance following the breakdown in prices seen early last week. Speculation had been building that the USDA was likely to lower the US soybean yield on account of all the excessive moisture in the mid-west. However, the USDA in the July report, left the 2015/16 US soybean yield unchanged versus a month ago at 46 bushels per acre.
Since the USDA’s June 7th Weekly…
01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...