04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Rising Political Tensions Weigh on Soybean Oil Prices
Soybean oil futures were lower on Thursday on the increase in political tensions between the United States and China that triggered selling across the soybean complex. Technically driven selling at the upper Bollinger band also contributed to the weakness, but buying at the 5-day exponential moving average limited the decline. Futures fell by more than 3/4 percent (July contract -25 basis points per pound) but did not do any significant damage to the technical outlook for the market. Light oil/meal spreading by the funds limited the decline, but the activity was…