Optimism about Coronavirus Treatment Lifts Palm Oil but Sharp Decline in Crude Contributes to Weakness in Soybean Oil
Vegetable oil markets were mixed again on Friday as overnight optimism about a treatment for coronavirus drove equity prices sharply higher, which supported palm oil prices. However, a sharp decline in crude oil prices weighed on soybean oil.
Soybean oil futures…
02.05.2025
Fats exports rise in 2024; DCO, ethanol production reach 2-month high
The US animal fats and oils markets were stable to higher on Wednesday February 5 as ongoing strength in the Chicago markets continued to ripple into nearby regions, lifting...
02.05.2025
Mixed inventory levels, overall unease impact meat and bonemeal trade
Unease and mixed tones were reported from market sources on Wednesday February 5 for US animal proteins, specifically meat and bonemeal (MBM).
A variety of factors — lessened...
02.05.2025
US weekly ethanol production hits 2-month high; stocks rebound
US weekly average ethanol production rose to a two-month high of 1.112 million barrels per day in the week to January 31, according to the US Energy Information Administration...