Bean oil prices are higher on Monday, and continue to rally as soybean surge. Hedge fund traders reduced short position in futures and options as hotter and drier forecasts for important growing areas of the U.S. Midwest, continue to buoy prices. Soybeans posted weekly gains of around 6% last week. It was the biggest weekly rally for soybeans since October 2014. Moreover, lower than expected…
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...