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…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...