Bean oil prices broke out on Monday morning, as a risk on theme permeated the capital markets. Last week on Wednesday the USDA’s quarterly inventory report, buoyed markets as it surprised traders with a soybean inventory of 191 million bushels. This amount was lower than expected, though it was the largest in the last four years. Compared to the USDA’s inventory…
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...