Soy bean oil prices tumbled on Monday, as traders took profits and the crush moved in favor of soy beans, giving back some of the gains experienced late last week. The complex has been trading under pressure following last week’s report by the USDA which showed an increase in bean yields for the coming harvest. Hedge funds are clearly off sides adding additional long position to futures and options last week,…
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...