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...
Export Data Triggers Selling in Palm Oil Market
Vegetable oil futures remained mixed on Tuesday as the same trends continued to widen the spread between soybean oil and palm oil prices. Buying across the soybean complex contributed to the strength in soybean oil futures, which traded both sides of unchanged during a relatively volatile session. Concerns about rising inventories due to seasonally increases in production and slowing exports triggered selling in the palm oil market. Strength in the Malaysian ringgit also contributed to the bearish tone in palm oil.
Soybean oil futures gained more than one percent (December contract +33 basis points per pound). The rally left the benchmark December contract to settle above 32 cents for the first time since February. However, selling at the upper Bollinger band limited the advance. Improving soybean oil fundamentals and…