Bean oil prices edged slightly lower early on Monday, as investors absorb a number of economic data points, as well as, hedge fund activity. The resent surge in price action over the latter part of the past week feels like a short squeeze. Trade activity out of China was weeker than expected while the US employment report, released on Friday, was stronger than expected.
The latest trade figures from China…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...