Bean oil prices are trading under pressure, following a report that showed that Brazilian soybean farmers finished 24.8% of their harvest work for the 2016-2017 which was ahead of the 24% finished on the same date last year and ahead of the 17.1% average for the past five years. The weather continues to cooperate, which is placing downward pressure on beans which is spilling over into bean oil. Hedge fund traders added to long…
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...