Overall the export markets have been quiet this week as buyers and sellers take a wait-and-see approach to the markets after Tuesday’s nosedive at the Chicago Mercantile Exchange. The tough stance the Trump administration is taking on trade has roiled the markets, as it has multiple times during the administration’s tenure. Soybean oil prices touched as low as $0.2779 on Tuesday before rebounding to $0.2885 for the close. Today’s action has been in the…
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...