Canola oil prices rebounded slightly moving up to resistance levels near the 20-week moving average at 37.75. Prices have been buoyed ahead of the release by statistics Canada on its updated acreage estimates on June 29, and any surprises in the data could provide some nearby direction for canola. Trade estimates range from about 21.0 million to 22.7 million, which would compare with the 20.4 million seeded in 2016. …
01.15.2025
DOE, USDA release updated GREET, CSA models
On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...