U.S. soybean oil futures rebounded on Thursday after moving lower early in the session on profit-taking before the USDA released its World Agricultural Supply and Demand Estimates (WASDE) at noon. The October report detailed some larger-than-expected changes for the month, which triggered short covering across the soybean futures complex. On the CME, benchmark December soybean oil futures settled at 53.37 cents per pound, increasing 65 basis points per pound, or 1.23 percent.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...