Bean oil prices continue to move lower on Monday, following Thursday’s WASDE report from the Department of Agriculture that showed a smaller than expected decline in production, which weighed on prices. Increasing foreign oilseed supply, which includes higher production, capped the upside in bean oil prices. The weekly commitment of trader’s report, which is usually released on Friday’s was delayed because of the Veterans Day…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...