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…
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...