Trading was quiet for Tuesday with most attending the 2023 American Fats and Oils Association conference in Nashville. Ten cars of distiller’s corn oil (DCO) traded at 60 cts/lb FOB Ilinois/Wisconsin for November.
Aside from the AFOA, U.S. soybean oil futures moved lower on Tuesday on profit-taking and weaker crude oil markets. Ongoing soybean harvest progress also pressured the soybean markets. The benchmark soybean oil futures contract for December ended at 5.35 cents per pound, down 55 basis points per pound, or almost one percent.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
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US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
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