Cash markets were quiet on Monday March 25, with basis remaining at depressed levels for most US edible oils. Outright prices were flat to higher, however, as soybean oil futures in Chicago surged. Palm oil and refined palm product prices moved higher again, alongside ongoing gains in palm oil futures.
In Malaysia, the most actively traded palm oil futures contract (June) closed at 4,247 ringgit per tonne, up 59 ringgit per tonne, or 1.4%. The market reversed early losses and moved higher thanks to supportive Malaysian export data. Cargo surveyor figures for the first 25 days of March showed the country’s palm oil exports increased 21% from the same period in February.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...