World Vegetable Oil Prices Continue Rally Despite Sharp Decline in Crude Oil
Soybean oil futures bounced on Friday despite a sharp drop in crude oil prices as traders continued to push oil share higher from the multi-year low set on Monday. The rally left most contracts up about 1 1/4 percent (May contract +35 basis points per pound). Spreading by funds helped lift soybean oil despite a 5 1/2 percent drop in crude…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...