Volatility in Crude Drives Mixed Vegetable Oil Prices
Vegetable oil prices were mixed on Tuesday, as volatility in crude oil prices contributed to the movement in both markets. Higher crude oil over night helped support palm oil, while a reversal during U.S. trading hours contributed to the weakness in soybean oil futures.
Soybean oil futures declined by more than 1/2 percent (July contract…
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...