Canola oil prices moved higher on Tuesday, despite the recent pullback in bean oil prices. Vegetable oil in genereal has been trading in a range over the past few months, waiting for an impetus to move higher. Despite robust economic data leading into December, the first two reports issued in January were weaker than expected which is likely to generate headwinds for the commodity…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...