OIL/MEAL SPREADING SUPPORTS SOYBEAN OIL FUTURES BUT PALM AND CANOLA PRICES CONTINUED TO MOVE LOWER
Soybean futures fell about 3/4 percent on Thursday, despite better-than-expected export sales data. Prices were pressured early in the session by technically-driven selling at the 10-day moving average. The selling intensified when the continuous nearby contract dropped below the psychologically-important $9-per-bushel…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...