Soy Complex Weakness Drives Soybean Oil Prices Lower
Soybean oil prices fell on Thursday as disappointing export sales data and selling across the soybean complex triggered long oil share liquidation by the funds. With weakness on the Dalian exchange and without the support of the Malaysian market, which was closed in observance of a national holiday, traders were free to push prices sharply lower in the overnight session. The overnight decline extended the selling from the high set just after the opening of U.S. trading on Wednesday and drove prices almost 2 1/2 percent lower before the market set the low for the day, just after the U.S. opening on Thursday.
Prices moved higher shortly after the U.S. opening but traded sideways for most of the…
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...