Palm oil prices have stabilized, but have traded under pressure on supply concerns, dropping nearly 10% since hitting a high on May. Recent production data shows that June production in Malaysia, the world’s second largest palm producer, fell 8.5% to 1.51 million tons. The recent rebound in soy bean oil has helped prices stabilize near support at the Bollinger band low which is 2-standard deviations below the…
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...