World Vegetable Oil Prices Continue Rally Despite Sharp Decline in Crude Oil
Soybean oil futures bounced on Friday despite a sharp drop in crude oil prices as traders continued to push oil share higher from the multi-year low set on Monday. The rally left most contracts up about 1 1/4 percent (May contract +35 basis points per pound). Spreading by funds helped lift soybean oil despite a 5 1/2 percent drop in crude…
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...