Soybean Oil Continues Rally, but Profit-Taking Pressures Palm Oil

Soybean Oil Continues Rally, but Profit-Taking Pressures Palm Oil

Soybean Oil Continues Rally, but Profit-Taking Pressures Palm Oil

Soybean oil futures continued to climb on Tuesday as a rally in crude oil prices contributed to profit-taking in short oil share positions. Prices were also supported by buying above the 20-day moving average. However, resistance at the 27-cent level limited the advance, with most contracts rising 1/2 percent or less (May contract +14 basis points per…

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04.25.2024

US heating oil, distillate fuel consumption lower than usual in Q1

US heating oil, distillate fuel consumption lower than usual in Q1


In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...

04.25.2024

Chicago animal fat prices fall on increased supply

Chicago animal fat prices fall on increased supply

Four cars of packer grade bleachable fancy tallow traded at 40.5 cents per lb Chicago on Thursday April 25, down 1.5 cents per lb from the previously-traded level.

04.25.2024

Choppy tones widen ranges on porcine meat, bonemeal

Choppy tones widen ranges on porcine meat, bonemeal

The animal proteins market was reportedly steady to choppy on Thursday April 25, creating wider ranges on porcine meat and bonemeal specifically.

Poultry byproduct pet grade and feathermeal were steady...

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