Canola oil prices have edged higher after testing support levels near the Bollinger band low which is 2-standard deviations below the 20-week moving average near 36.50. Prices have been trading underpressure as robust inventories of bean oil and beans in the U.S. and a strong harvest from South America continue to weigh on canola oil prices. Resistance on canola oil prices is seen near the 20-week moving average at…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...