Bean oil prices rebounded late in the week following soy beans higher despite a report that showed that hedge fund were exiting long positions in the benchmark vegetable oil. Investors have been bullish soybeans based on speculation that adverse weather in South America would curb production. Excessive rainfall in Argentina has cut output in the country by about 7.4%.
While managed money added to long…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...