Bean oil prices tested trend line resistance following the breakdown in prices seen early last week. Speculation had been building that the USDA was likely to lower the US soybean yield on account of all the excessive moisture in the mid-west. However, the USDA in the July report, left the 2015/16 US soybean yield unchanged versus a month ago at 46 bushels per acre.
Since the USDA’s June 7th Weekly…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...