Canola prices are trading near support levels but edged higher on Monday following news that the Chinese Central Bank reduced reserve requirments in an effort to bolster there slowing economy. The reduction of 100 basis points down to 18.5% is the largest reduction in this current cycle and is likely a precursor to additional benchmark interest rate cuts.
Weekly prices of canola are holding near the…
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...