UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume...
US spot vegetable oil markets were firm to lower on Friday May 3. Nearby trading activity remained limited due to diminished demand from the renewable diesel sector.
Cash prices trickled lower on Friday as soybean oil futures on the Chicago Mercantile Exchange (CME) declined at the close after fluctuating throughout the day. Traders squared positions and booked profits ahead of the weekend.
The July soybean oil futures contract settled at $0.4308 per lb, down by 16 basis points per lb, or 0.37%....