The soybean harvest is in full swing, but rains throughout the mid-west have delayed the result of this year’s harvest, as many mid-west states are well behind the curve. Bean oil prices have been rebounding as the delay has increased speculation that this year’s harvest will product more beans than had been previously expected. Hedge fund traders added to their long position in futures and options and are poised…
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...