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,…
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...