Bean oil prices moved higher on Monday, after rebounding from the monthly lows at 31 cents per pound. Hedge funds added to short position in futures and options, which could generate a short squeeze. The large overhang of inventories continues to weigh on soy beans, despite solid demand for vegetable oils.
Hedge fund traders added to short position in futures and options according to the latest commitment of traders…
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...