Bean oil prices inched up on Monday/Tuesday and continue to form a bull flag pattern. The recent change in the Federal Reserve’s forecast for interest rate changes, has led to a decline in the dollar and a subsequent rally in commodity prices. Since most commodity are priced in U.S. dollars, a lower greenback generally equates to higher commodity values as they become less expensive in other…
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...