Vegetable Oils Bulletin

Vegetable Oils Bulletin

 

Palm Oil Stabilizes, as Daily Momentum Turns Higher

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.10.2024

2024 RIN Dashboard April Edition

2024 RIN Dashboard April Edition

Renewable Identification Number (RIN) generation has been strong during the first quarter of 2024. The original 2024 mandate was based on fuel assumptions that have since changed. ...

05.10.2024

UCO tariff rumors spark bullish sentiment; traded volume quiet

UCO tariff rumors spark bullish sentiment; traded volume quiet

Distiller’s corn oil (DCO) traded higher at 43 cents per lb delivered Manly, Iowa on Friday May 10, with trading also done at 41.5 cents per lb FOB Missouri...

05.10.2024

Animal proteins steady to lower week on week; WASDE forecasts lower production year on year

Animal proteins steady to lower week on week; WASDE forecasts lower production year on year

US animal proteins were steady to lower week on week for the week to Friday May 10. Only light trade was reported for the second half of the week,...

Latest Tweets