Vegetable Fats & Oils

Vegetable Fats & Oils

 

Canola Breaks Down as Negative Momentum Accelerates

Canola prices moved lower on Thursday largely pressured by losses in the U.S. soy complex.   Malaysian palm oil futures were also lower.   The large soybean crop in South America was bearish as more countries are turning to it for their needs. Markets where whipsawed over the past two trading sessions following the monetary policy decision by the US Federal Reserve.  A stronger dollar…

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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