Extension of Plantation Shutdowns Drives Palm Oil Higher, but Fund Spreading and Decline in Crude Oil Limit Gains in Soybean Oil
World vegetable oil markets continued to move higher on Monday, despite another sharp decline in crude oil prices. However, the gains in palm oil were substantially larger than they were in the soybean oil market. Palm oil was supported by an expansion of the shutdowns of plantations…
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...