**Please note – There will be no Vegetable Oil bulletin on Monday, January 1.**
U.S. soybean oil futures were higher on Wednesday following a session of thin, sideways trading. The January soybean oil contract closed above 48.00 cents per pound, up 33 basis points per pound, or 0.7 percent, at 48.24 cents per pound. March soybean oil ended at 48.66 cents per pound, up 15 basis points per pound. Light short covering by funds was sparked amid stronger world crude oil markets, which advanced in part from rising tensions in the Middle East.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...