Palm oil prices continue to grind higher, as soy bean oil prices are elevated by a break out in soy bean prices. Soybean hit a six-month high as rainfall swamps fields in Argentina, sparking speculation that crop shortfalls there could reduce world output. President Elect Trump’s comments on the dollar which led to a drop in its value also helped palm oil prices get a foot hold.
Prices have…
12.31.2024
US consumed 5 billion gallons of RD, biodiesel in 2024: CFAA
The US is on track to consume more than five billion gallons of biodiesel and renewable diesel for the first time, the Clean Fuels Alliance America (CFAA) said in...
12.31.2024
Market activity remains muted amid New Year’s holiday
The US animal fats and oils markets were unchanged on Tuesday December 31, as market activity remained muted amid the New Year's holiday.
Prices for choice white grease...
12.31.2024
US weekly soybean, wheat, corn export inspections drop
Weekly export inspections
Export inspections of US grains showed a decline for corn, soybean and wheat in the week to December 26, according to data from the USDA released...