Physical palm oil prices hold at better-than-2-year highs

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Physical palm oil prices hold at better-than-2-year highs

Alexandra Watts | 10.14.2024

Palm oil futures on the Bursa Malaysia exchange gave up earlier gains and moved lower on Monday October 14, due to profit-taking and losses in rival edible oil markets, Fastmarkets heard. Expectations of a rebound in palm oil production also put pressure on prices.

The benchmark December palm oil futures contract settled at 4,313 Malaysian ringgit ($1,005) per tonne on Monday, down by 37 ringgit per tonne, or 0.9%, from a close of 4,150 ringgit per tonne on October 11.

Typically, palm...

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US biodiesel imports fall to 23-month low in August following all-time high July RD imports

US biodiesel imports fall to 23-month low in August following all-time high July RD imports

US Census Bureau data released on Tuesday October 8 showed that biodiesel imports fell for a third consecutive month...

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Weekly average prices drop for US animal fats and oils

Weekly average prices drop for US animal fats and oils

 

Fastmarkets has corrected its Chicago edible tallow price for October 11th, 2024 to 52 cents per lb

Date of publication:...

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USDA raises WASDE beef production forecast, lowers broiler, pork, turkey estimates

USDA raises WASDE beef production forecast, lowers broiler, pork, turkey estimates

Trading in the US animal proteins market was quiet on Friday October 11, with minimal price changes reported.

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Sausage casings bulletin, October 11, 2024

Sausage casings bulletin, October 11, 2024

Runner market commentary
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WASDE increases forecast for US corn production, cuts soybean, wheat output figure

WASDE increases forecast for US corn production, cuts soybean, wheat output figure

The USDA’s October release of the World Agricultural Supply and Demand Estimates (WASDE) report on Friday October 11 has...

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Tight cow hide supply, strong demand lead to sideways trading in US hide market

Tight cow hide supply, strong demand lead to sideways trading in US hide market

Cow hide demand was strong during the week ended Friday October 11, leading hide sellers to expect price increases...

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Benchmark US soybean oil futures fall after lackluster WASDE report

Benchmark US soybean oil futures fall after lackluster WASDE report

US soybean oil futures listed on the Chicago Mercantile Exchange were down on Friday October 11.

The benchmark...

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USDA to boost farmer confidence in voluntary carbon markets

USDA to boost farmer confidence in voluntary carbon markets

Carbon credit markets are nascent markets with no universally accepted standards in the US. The science that underlies carbon markets...

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

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11.22.2024

Gulf prices average higher despite weeklong declines in SBO

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For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

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Bloodmeal largest price mover week on week; November cattle on feed higher

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US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

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