Canola prices are rebounding moving higher during the latter half of November, buoyed by a surge in bean oil. The recent reversal in the prices of soy beans have helped the entire vegetable oil complex gain traction. Daily price action has seen canola move above the bollinger band high (2-standard deviations above the 20-day moving average), as the bollinger band width increased to the widest level since October,…
01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...