Short covering and dry weather have combined to help bean meal prices rise in July, but prices have surged into oversold conditions after breaking out on Monday. Crop quality has turned lower, giving a boost to soy beans, which has help drive up the entire bean complex. The forecast continues to show hotter and dryer temperatures covering most of the mid-west, which should continue to keep prices buoyed.
The…
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...