The MPOB monthly supply and demand figures for June showed exports took a step back from May. Total palm oil exports fell 8.4% to 1.38 million metric tons, down 126,365 MT from May. Despite the downturn, palm oil exports tend to follow a cyclical cycle that often improves through October. June exports, while down from May, are 21% more than what was seen in June of 2016. Crude palm oil output…
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...