Veg Oil Prices Mixed; Palm Climbs as Soy Oil Sinks ahead of Key Data
World edible oil prices finished mixed on Tuesday. Palm oil futures advanced for a fourth straight session, while soybean oil retreated on technical selling and long liquidation ahead of the September contract expiration and the release of key supply and demand data later this week. The United States Department of Agriculture (USDA) will issue its latest World Agricultural Supply and Demand Estimates on Sept. 10, and analysts are calling for higher ending stocks for new crop corn and soybeans.
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04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...