Canola prices continued to retrace it’s early 2016 gains falling to the lows last seen in early March near 33.50. Prices appear to be in a steady downtrend as momentum gains traction on a daily basis. Resistance on canola is seen near the 20-day moving average at 35.5. The daily Bollinger bands are widening which shows that historical volatility is picking up.
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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...