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…
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...