Soybean Oil Jumps on Optimism about Coronavirus Peak
World vegetable oil prices continued to follow the same pattern from late last week with soybean oil prices rising sharply while nearby palm oil contracts posted marginal gains and deferred contracts were lower. Optimism about the United States reaching the peak of the coronavirus pandemic made traders more optimistic about the speed of the potential recovery (or…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...