At the physical market, prices for US vegetable oils were slightly mixed in the week to Monday November 11.
Corn oil, sunflower oil and cottonseed oil prices increased following a rally in benchmark US soybean oil futures last week.
Fastmarkets assessed sunflower oil, refined, bleached and deodorized (RBD), Minnesota/North Dakota at $0.7800 per lb on Monday, up from $0.7600 per lb the week before.
Fastmarkets assessed cottonseed oil, PBSY, fob Mississippi Valley for nearby delivery at $0.5300 per lb on Monday, up from $0.5200 per lb a week earlier.
Basis indications for canola oil eased slightly last week, down from a premium of 10.5 cents per lb above the benchmark soybean oil futures contract in Chicago to a premium of 10.0 cents per lb.
Fastmarkets assessed canola oil, RBD, fob Los Angeles at $0.5814 per lb on Monday, down from $0.5877 per lb in the session prior.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...