Crude Palm prices rose for a third consecutive day on Thursday, tracking a rally in bean oil and crude oil to reach a near two-week high. Palm has gained more than 4% so far this week adding to gains in the prior week. A rally in distillates across the globe following a stronger than expected draw in distillate inventories as reported by the Department of Energy was one of the catlayst for Wednesday and Thursday’s…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...