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,…
11.22.2024
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...