Export data from cargo surveyor Intertek Testing shows that palm oil shipments for export are up 19.8% and have rebounded from the slight decline seen at mid-month. Malaysia’s decision to increase the export tariff on crude palm oil (CPO) shipments beginning April 1st may have led to some advance buying heading into the end of the month. CPO shipments increased by 96,360 metric tons in the past…
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...