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 FUTURES BOUNCE BACK FROM LOSSES ON FRIDAY ON TECHNICALLY-DRIVEN BUYING AND OIL/MEAL SPREADING
Concerns about crop losses in Brazil and an announcement of a daily sale by the United States Department of Agriculture (USDA) pushed soybean futures marginally higher on Monday. For the second consecutive day, the continuous nearby contract tried to rally early during normal trading hours but late selling pared gains and left the contract…