Soybean Oil Prices Rally on Renewed Weather Concerns
Volatility remained the name of the game in the edible oils markets on Monday, leaving world vegetable oil prices mixed. Profit-taking weighed on palm oil prices, while fresh buying amid recently oversold conditions and ongoing weather concerns rocketed the soybean complex higher.
The first three soybean oil contracts settled about 3 3/4 percent higher (July contract +221 basis points per pound). Deferred contracts from October 2021 through the back end of the curve also gained from 3 to about 3 1/2 percent (May 2022 +201 basis points).
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05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...