WORLD VEGETABLE OIL PRICES DECOUPLE FROM CRUDE OIL AND RALLY BUT THE CORRELATION TO ENERGY IS LIKELY TO RETURN
Soybean oil prices decoupled from crude oil on Tuesday with crude continuing to plunge (down about six percent) and soybean oil recovering from the lowest prices since 2006. The rally, which was from historically oversold levels, left most contracts more than 3/4 percent higher (May contract +25 basis…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...