Bean oil prices tumbled on Monday as traders continued to liquidate despite relatively stable soy bean prices. Trader’s began to exit positions last week on Thursday as prices broke through support levels near 33.50, and are now sliding as many are heading for the exits.
The issue appears to be the number of hedge funds who are long bean oil futures. According to the most recent commitment…
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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.
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Gulf prices average higher despite weeklong declines in SBO
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Bloodmeal largest price mover week on week; November cattle on feed higher
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