WORLD VEGETABLE OIL PRICES DECOUPLE FROM CRUDE OIL AND RALLY BUT THE CORRELATION TO ENERGY IS LIKELY TO RETURN
Soybean oil prices decoupled from crude oil on Tuesday with crude continuing to plunge (down about six percent) and soybean oil recovering from the lowest prices since 2006. The rally, which was from historically oversold levels, left most contracts more than 3/4 percent higher (May contract +25 basis…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...