Trading out of New Zealand moved lower this week with buyers in China and Singapore taking a step back. Sellers had seen a bump from short covering, but with those needs met and the next demand position looking weak prices are on the defensive. Trading out of Australia was quiet with no changes reported. With Singapore absent from the market, it’s reasonable to expect prices to decline in the comings weeks. Through May of this year, Australia has…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...