Bean oil prices whipsawed on Monday initially attempting to move higher, but failed to take out resistance levels. The farm tour ended this weekend, and the results appear to show that soybean yields will be lower than the yields announced by the U.S. Department of Agriculture for their August report. The farm tour goes to nearly every state that is a major producer of both corn and soybeans, to analyze the current crop…
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...