Palm oil prices are moving higher on Thursday breaking out above resistance as competing oil from soybeans surge. The vegetable oil complex was buoyed following news that the USDA pegs net soybean sales for the week ended Oct 26 at nearly 2M metric tons, beating analyst expectations, showing robust demand. Industry forecast on palm oil production, exports and inventories, are to be released by the…
11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...