Canola prices rolled over after suring toward resistance near the Bollinger band highs which are two-standard deviations above the 20-day moving average at 38.50. Additional resistance was seen near the late March highs which came in at the same level. Despite continued demand for bean oil for feed and food in the U.S. and China, an overhand of inventories from last autumns harvest continues to cap prices.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...