05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Soybean oil prices rebounded following news that stocks were overestimated by analysts, allowing the oil share to remain stable. Hedge funds continued to add to short positions in futures and options betting that rising oil stocks will overwhelm oil prices. Continued trade war issue will keep markets choppy generating unwanted volatility.
Hedge funds continued to add…