05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Soybean meal futures prices gyrated on Tuesday following a crop report that showed soybeans planted were at a record high. Analysts leading up to today’s USDA report largely anticipated the data showing farmers are planning to divert farmland previously dedicated to corn into soybean acres, causing prices of the oilseed and meal to sag this month.
While projections were for…