World Vegetable Oil Prices Mixed on U.S./Chinese Tensions
World vegetable oil prices were mixed on Monday. Palm oil futures ended slightly lower on profit-taking following an increase in political tension between the United States and Chinese governments that triggered selling across financial markets. Soybean oil futures rose as crude oil prices rallied back to unchanged following a decline at the opening of U.S. trading.
Soybean oil futures gained a little more than 3/4 percent (July contract +22 basis points per pound) to settle close to the upper end of the recent trading range. Prices were supported by buying at the five-day exponential moving average but were limited by selling just below the upper Bolling band. Data released by the United States…
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...