Soybean Oil Prices Rally One Percent in Last 20 Minutes
World vegetable oil prices were mixed on Friday as palm oil prices moved lower and soybean oil prices rallied. Palm oil futures “caught down” to soybean oil after the resumption of trading following a national holiday on Thursday and a late-session rally let soybean oil futures to settle just below the high of the day. The moves drove the spread between the January soybean oil and palm oil contracts up to 3/4 cent after it tested parity earlier in the week.
Crude oil prices continued to move lower, with the benchmark West Texas Intermediate (WTI) contract falling more than 1 1/2 percent (December contract -$0.57 per barrel). The decline left the contract below the $36-per-barrel level for the first time since the end of May. Prices remained below the lower Bollinger band, and volume declined substantially from a peak on Thursday, suggesting the decline may pause or slow…
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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...
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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...
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US animal protein prices remain under pressure; soymeal rises
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