SELLING ACROSS AGRICULTURAL COMMODITIES WEIGHS ON SOYBEAN OIL WHILE LESS BAD OUTLOOK FOR PALM OIL EXPORTS SUPPORTS PRICES
World vegetable oil prices were mixed on Tuesday with soybean oil and deferred palm oil prices falling, while nearby palm oil futures were higher. Traders are trying to figure out how much the economic impact of the coronavirus pandemic will impact world vegetable oil demand, which is tougher to…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...