Palm oil prices have been trading under pressure this week, despite reports of higher Asian demand. Competing soybean oil prices have also traded lower as investors give back some of the recent gains experienced following the WASDE report released last week by the USDA.
Demand appears to be on the rise which is reflected in Intetek’s export report that showed that Mayaysian palm oil increased to 690,074 which was…
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...