TRADE TENSIONS AND THE BEGINNING OF WHAT COULD BE A RECORD HARVEST PRESSURE SOYBEAN COMPLEX PRICES
Nearby soybean futures touched the lowest level since December 2008 on Tuesday as the announcement of fresh tariffs on Chinese goods by the US administration and retaliatory tariffs on US goods by the Chinese government combined with harvest pressure to push soybean complex prices lower. The nearby contract settled at $8.14,…
05.08.2024
May STEO forecast, 2024 RVOs
The Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) showed a decrease in 2024 fuel consumption estimates. This lowered renewable fuel blending estimates for the year, leading to...
05.08.2024
DCO production falls, Gulf UCO trades higher
Used cooking oil (UCO) traded at 41.5 cents per lb delivered US Gulf on Wednesday May 8, up 1.5 cents per lb from the last reported level. UCO was...
05.08.2024
Porcine meat and bonemeal lower on diminished interest
The majority of US animal protein prices were steady on Wednesday May 8. Most values reported were within the previously set ranges, with exception to porcine ruminant bloodmeal on...