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...
Nearby soybean futures were down 6 cents on Thursday pressured by weakness in soybean meal futures and expectations that USDA could raise its ending stocks projections in tomorrow’s WASDE report. Nearby soybean meal futures were off $3.10 on weakness in export markets with Gulf CIF basis down $3 to $5 and Gulf FOB basis off $1 to $5. Nearby soybean oil…