Weekly Recap
Soybean futures closed higher for the third straight week, gaining 14.5 cents per bushel for September delivery and 12.5 for November. Prices surged 18.5 cents on Tuesday providing enough of a cushion to keep prices in the black despite selling pressure on Thursday and Friday. The Soybean crop condition held steady with 61% of the crop seen…
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...