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...
Bean oil prices edged lower on Monday and are poised to test target resistance near the December lows at 31.10. Prices continue to face headwinds as a stronger dollar erodes commodity values and strong soybean yields make owning soybeans a difficult endeavor.
On Friday, weekly old crop export sales reported plunged to just 500,000 bushels, as deals previously allocated to unknown destinations…