Vegetable Fats & Oils

Vegetable Fats & Oils

 

Weekly Recap

May Soybean futures finished the week sharply lower despite the USDA trimming ending stocks 15 million bushels to 370 million for the 2014/15 marketing season.  Futures gave back all of the previous weeks gains and then some, dropping 34 cents per bushel to $9.52. Exports were a net reduction to sales for the week as China transferred shipments from one crop season to the next. Total export commitments are 99%…

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05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

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