World Vegetable Oil Prices Mixed on U.S./Chinese Tensions
World vegetable oil prices were mixed on Monday. Palm oil futures ended slightly lower on profit-taking following an increase in political tension between the United States and Chinese governments that triggered selling across financial markets. Soybean oil futures rose as crude oil prices rallied back to unchanged following a decline at the opening of U.S. trading.
Soybean oil futures gained a little more than 3/4 percent (July contract +22 basis points per pound) to settle close to the upper end of the recent trading range. Prices were supported by buying at the five-day exponential moving average but were limited by selling just below the upper Bolling band. Data released by the United States…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...