US grain and vegetable oil markets were rattled by the looming possibility of a trade war with China. Soybean prices tumbled to lows not seen since March of 2009, trading as low as $8.41½ before finding support and climbing back to close at $8.89 per bushel, which was still a significant 19.5 cent per bushel decline on the day. Soybean oil prices traded down to 27.79 cents per pound, a low not seen since November of…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...