Palm oil exports moved 54.5% higher to 737,308 metric tons during the first half of May compared to the 477,295 MT shipped during the same time frame in April. Crude palm oil demand continues to surge and is up 675% to 260,243 MT versus 33,600 MT in April. Vigorous demand out of India, the EU, and China has been underpinning prices. Demand from India is up more than 140,000 MT from March, while EU and China demand is up…
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...