The oil share resumed its decline beginning late last week on Thursday in the wake of the USDA’s planting report. The bullish outlook for soybeans gave a boost to the entire complex but allowed bean meal gains to far outpace bean oil returns. Hedge fund traders remain short bean oil, which is offset by long position in bean meal and soybeans. A break of resistance could lead to a huge short-covering rally.
…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...