Soybean Oil Prices Rally One Percent in Last 20 Minutes
World vegetable oil prices were mixed on Friday as palm oil prices moved lower and soybean oil prices rallied. Palm oil futures “caught down” to soybean oil after the resumption of trading following a national holiday on Thursday and a late-session rally let soybean oil futures to settle just below the high of the day. The moves drove the spread between the January soybean oil and palm oil contracts up to 3/4 cent after it tested parity earlier in the week.
Crude oil prices continued to move lower, with the benchmark West Texas Intermediate (WTI) contract falling more than 1 1/2 percent (December contract -$0.57 per barrel). The decline left the contract below the $36-per-barrel level for the first time since the end of May. Prices remained below the lower Bollinger band, and volume declined substantially from a peak on Thursday, suggesting the decline may pause or slow…
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...