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 tumbled at the end of last week, and continue to trade under pressure. High stock levels, in conjunction with expectations of a strong harvest are weighing on prices. Trade tariffs are hindering soybean sales which are also generating headwinds for soybean oil. The oil share is holding steady, as meal continues to slide as well. Hedge funds reduced their short-positions in futures…