World Vegetable Oil Prices Continue Rally Despite Sharp Decline in Crude Oil

World Vegetable Oil Prices Continue Rally Despite Sharp Decline in Crude Oil

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…

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06.21.2024

Total RFS mandate 46% complete in May, buoyed by D4 production

Total RFS mandate 46% complete in May, buoyed by D4 production

The generation of Renewable Fuel Standard (RFS) RINs in the US has got off to a strong start, with more than two billion RINs having been produced in two...

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Fat market rally continues on tight supply, continued strong demand

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Four cars of renderer bleachable fancy tallow (BFT) traded at 53 cents per lb Chicago basis on the morning of Friday June 21.

A car of lard traded...

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Lower summer demand weights on poultry meal market

Lower summer demand weights on poultry meal market

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The market was mostly steady, with no...

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