05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Veg Oil Prices Mixed; Palm Climbs as Soy Oil Sinks ahead of Key Data
World edible oil prices finished mixed on Tuesday. Palm oil futures advanced for a fourth straight session, while soybean oil retreated on technical selling and long liquidation ahead of the September contract expiration and the release of key supply and demand data later this week. The United States Department of Agriculture (USDA) will issue its latest World Agricultural Supply and Demand Estimates on Sept. 10, and analysts are calling for higher ending stocks for new crop corn and soybeans.
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