Bean meal prices are lower early on Tuesday, as prices dip on lower potential demand. Chinese authorities have discussed the potential reduction in imports, as the country is awash in soybeans. Yields are at the highest levels in decades which is weighing on the domestic Chinese bean prices. Hedge fund traders reduced short position in futures and options in the latest commitment of trader’s report.
China which is the…
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...