The MPOB monthly supply and demand figures for May showed exports continued to improve in a month over month comparison. Total palm oil exports grew by 17.4% to 1.505 million metric tons, up 222,621 MT from April, as cyclical export demand continues to ramp higher. This trend often continues through October. May exports not only exceeded April activity, but were 17.43% more than what was seen…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...