Vegetable Oils Narrowly Mixed Following Reports
Vegetable oils were narrowly mixed on Friday as the fundamental reports largely had limited impacts on traders’ outlooks for prices. Prices moved in the opposite direction of crude oil, which was lower in the overnight session but rallied sharply during U.S. trading hours.
Soybean oil futures fell by about 1/4 percent (September contract -7 basis points per pound) as the United States Department of Agriculture (USDA) raised its forecast for U.S. soybean oil ending stocks slightly in both 2019/20 and 2020/21. USDA increased its forecast for soybean crush, which lifted its predictions for supplies but offset those most of those increases with larger projections for exports in both years. The changes were generally in line with The Jacobsen’s pre-report balance sheets, with the most substantial disagreement occurring in…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...