Malaysian palm oil exports of 492,321 metric tons are 5.5% less than what was seen over the first 15 days of February and are 9% from mid-month February 2016. Both crude and refined palm oil exports are lagging last month’s rate. CPO shipments are down 30%, while refined palm oil is 22% lower. Refined palm stearin also was seen lower month over month, but RBD palm olein was nearly 74,000 metric tons higher at…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...