Soybean Oil Rally Continues
Vegetable oil prices rose as the rebound rally in oilseed markets continued on Tuesday. Soybean oil futures gained about 2 1/4 percent on the move higher in the soybean market, while palm oil rose a little less than one percent. The rally in soybean oil, which more than offset concerns about falling demand after bearish cargo surveyor data, drove palm oil gains. The relative gains drove the spread between soybean oil and palm oil wider, with the May contracts…
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...