Crude palm oil prices were slightly lower on the week with both headwinds and tailwinds driving the markets. With South American soybeans continuing to flow into the market some U.S. farmers may be forced to switch intended corn acres to soybeans due to wetness. The recent strength in the Canadian dollar has made canola less attractive adding to the headwinds faced by palm oil. Forecast of El…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...