The crush margin moved with soybean oil this week, as both meal values and the price of soybeans were little changed. Soybean has been a little volatile with Greek debt crisis rearing its head again and pulling on crude oil values. Throw in the Chinese economy and the Iran nuclear talks and there are a number of moving balls to contend with.
Soybean oil moved down by 3% while soybean meal prices moved…
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...