Vegetable Oils Bulletin

Vegetable Oils Bulletin

 

Bean Meal Consolidates as a Stronger Dollar Generates Headwinds

Bean meal prices edged lower on Tuesday following a reported from the National Oilseed Processors Association that showed that October’s US crush came in above expectations at 164.6M bushels, up from September’s 129.4M. Analysts had forecast 159.4M. Hedge fund traders increased short positions in futures and options per the latest industry report.  Gains in the dollar since the Presidential…

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11.18.2024

EIA reduces US biomass-based diesel consumption forecast for 2024, 2025

EIA reduces US biomass-based diesel consumption forecast for 2024, 2025

The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...

11.18.2024

UCO prices rise to start week; December cattle slaughter expected to decline

UCO prices rise to start week; December cattle slaughter expected to decline

Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...

11.18.2024

Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand

Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand

US animal proteins were steady to higher on Monday November 18.

Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...

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