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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...