Canola prices moved lower on Thursday driven by a decline in bean oil which was driving the entire vegetable oil complex lower. The technicals on bean oil are fairly negative and commodity prices have been weighed on by a robust rally in the U.S. Dollar. Stronger than expected U.S. economic data has boosted U.S. interest rates which make the dollar more attractive.
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02.28.2025
Chinese plant begins producing SAF, RD for export to Europe
China-based Jiaao Enprotech began production at its sustainable aviation fuel (SAF) and renewable diesel plant in Lianyungang in Jiangsu province in December, the company told Fastmarkets on Wednesday February...
02.28.2025
CWG bucks the trend in an otherwise sluggish week for fats and oils
After a sluggish week of trading, activity in the US animal fats and oils markets increased at the end of the month, with prices averaging mostly steady to slightly...
02.28.2025
Bloodmeal prices surge through February
Trading in the animal protein market was quiet to close out February with no transactions reported on Friday February 28.
For the week, the market was mostly higher...