05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
The soybean harvest is in full swing, but rains throughout the mid-west have delayed the result of this year’s harvest, as many mid-west states are well behind the curve. Bean oil prices have been rebounding as the delay has increased speculation that this year’s harvest will product more beans than had been previously expected. Hedge fund traders added to their long position in futures and options and are poised…