05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
Soybean oil prices are consolidating after falling below support levels hovering near the 29 cents per pound level. Soybean oil stocks are elevated but recent data shows NOPA reported stocks below analyst’s expectations. The oil share has rebounded and remain stable as hedge funds exited from long position in meal, while remain short soybean oil futures and options.
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