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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03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...