US Gulf palm oil prices retreat from 1-year highs

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US Gulf palm oil prices retreat from 1-year highs

Cash prices for prompt palm oil and palm oil products moved lower during the Tuesday April 30 session, tracking losses in palm oil futures. US Gulf palm oil and palm olein indications have pulled back from one-year highs reached in early April.

In the US, palm oil has been losing market share to cheaper animal fats such as tallow. Lower prices for tallow compared with palm oil prices have led to livestock reformulations in the US feed industry.

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Strong domestic biodiesel margins support rising crude glycerin inventory

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Gulf tallow prices higher; optimism builds for higher demand for June

Gulf tallow prices higher; optimism builds for higher demand for June

Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered....

Animal protein prices steady at start of the week

Animal protein prices steady at start of the week

US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected...

Central Illinois soybean crush margins hit 2-month low

Central Illinois soybean crush margins hit 2-month low

Chicago Mercantile Exchange (CME) grain prices were mixed on Monday April 29, with May soybeans rising by 1.25 cents...

Automotive hides decrease in price

Automotive hides decrease in price

Trading for US hides intended for automotive tanning was at softer price levels than the week prior, driven by...

Soybean oil futures sink in week’s opening session

Soybean oil futures sink in week’s opening session

Cash prices for most US vegetable oils were flat to lower on Monday April 29.

On the Chicago...

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Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is...

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet...

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