Vegetable Oil Prices Mixed on Directionless Crude Oil
World vegetable oil prices were mixed on Friday with nearby soybean oil and palm oil prices unchanged or slightly higher, while deferred contracts ended the week marginally lower. Crude oil prices traded on both sides of unchanged but were also close to Thursday’s close at the end of agricultural trading. Equity markets traded in a volatile session as traders try to gauge the impact of a resurgence in the coronavirus outbreak in critical states. To the extent equity prices reflect expectations for the economic recovery, their movement in the coming week may provide some insight into the trend in oil prices over the next several weeks.
Soybean oil futures settled less than 0.1 percent on either side of unchanged, but traded higher in the overnight session and lower during U.S. trading hours as prices largely followed…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...