Soybean oil futures gained a little more than one percent on Thursday, pushing the nearby contract back above 32 cents per pound. Prices were supported by the liquidation of short oil share positions and minor gains in palm oil prices overnight. The gains in soybean oil prices lifted the nearby oil share back above 30 percent, but flat soybean meal futures and gains in soybean futures drove the nearby crush margin down 4 1/2 cents to $1.28 per bushel. The gains in soybean oil futures helped…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...