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,…
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...
01.28.2025
US weekly corn, soybean export inspections decline; wheat up 85%
Export inspections of US grains showed a decline for corn and soybeans, while wheat increased in the week to January 23, according to data from the USDA released on...
01.28.2025
Quiet hide market as cattle prices hit record highs
The hide market had minimal activity on Tuesday January 28, as Chinese tanners continued their Lunar New Year celebrations and global customers remained quiet, according to several hide sellers....