Palm Oil Prices Rally Ahead of Holiday

Palm Oil Prices Rally Ahead of Holiday

Palm Oil Prices Rally Ahead of Holiday

The rally in vegetable oil prices accelerated as short-covering ahead of a national holiday on Thursday led palm oil prices sharply higher. The gains in palm oil triggered oil/meal spreading in the soybean oil markets, driving soybean oil prices to outpace modest gains in soybean futures. Gains in vegetable oil futures on the Dalian exchange also helped support prices. However, palm oil’s relative outperformance narrowed the spread between soybean oil and palm oil contracts, with the spread between…

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03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

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