Declining demand and the ability to switch to soy bean oil has reduced the demand for palm oil. The Malaysia Palm Oil Board reported that total crude palm-oil production in November fell 19% from October to 1.65 million metric tons. In addition palm oil stocks rose 2.6% month over month and are now 28% higher year over year at 1.75 million tons.
Concerns about reduced production…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...