Bean oil futures edged lower on Monday in tandem with soybean futures on concerns that investors who are holding extremely large net-long positions will eventually sell off contracts and liquidate these positions. Friday’s COT report showed hedge funds were long soy beans and potential could liquidate on a technical selloff.
Money managers last week held the biggest net-long position in 23 months,…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...