Bean meal prices edged lower on Wednesday as traders eye the USDA conference in Washington, which will set out forecasts from the agency on crop acreage and prices. It has yet to be determined whether farmers continue warming to soybeans or whether corn will pick up more acreage, amid a punishing agricultural economy. Hedge fund traders added to long position in futures and options increasing the overall net…
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...