Asian palm oil prices rallied on Wednesday June 26 for the first time in three days. Rising US oil inventories could potentially affect the broader energy sector, but the sell-off may have run its course, a source told Fastmarkets.
A second source believed the downside for crude palm oil futures would be limited in coming weeks due to the onset of the dry season. Reduced production is expected to buoy prices in the near term.
Three cargo surveyors in the export market each reported month-on-month shipment declines of 16.12%, 16.94% and 4.31%.
…
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...