Volatilty has eruped in the grains markets since the U.S. reported its estimate of acreage in late March. Large changes in positions is one of the reason behind the increase in volatilty. This could continue as there are many unknowns that will effect bean and therefore meal. Excessive rainfall in parts of Argentina will likely result in a measurable, but unknown, reduction in the size of the soybean crop due…
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...