The US cash vegetable oil market was dull again on Wednesday October 16, with many trade participants out of the office this week to attend the American Fats and Oils Association’s conference at Nashville, in the US state of Tennessee.
US soybean oil futures trading on the Chicago Mercantile Exchange moved lower midweek.
The most actively traded December soybean oil futures contract closed at $0.4168 per lb on Wednesday, down by $0.0077 per lb, 1.8%, from a settle of $0.4248 per lb the day before.
The market was under some selling pressure on Wednesday, in step with losses in West Texas Intermediate crude oil futures, and after the National Oilseed Processors Association (NOPA) released figures on October 15 that showed US soybean crush in September reaching a record high for the month at 170.32 million bushels.
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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.
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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...
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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)...