Bean oil prices moved higher on Monday, as hedge funds that are short futures and options began to take profits. While inventories in the United States remain robust, and the fundamental outlook remains bearish. Hedge funds appear to be offsides, and prices have reached support levels that could easily see prices rebound sharply.
Over the past few weeks, hedge fund traders have been reducing long position in…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...