Vegetable Oils Bulletin

Vegetable Oils Bulletin

 

Soybean Oil Prices Trade Sideways But Hedge Funds Continue to Increase Short Bets

Soybean oil prices rebounded following news that stocks were overestimated by analysts, allowing the oil share to remain stable. Hedge funds continued to add to short positions in futures and options betting that rising oil stocks will overwhelm oil prices.  Continued trade war issue will keep markets choppy generating unwanted volatility.

Hedge funds continued to add…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.02.2024

UCO, heating oil spread widens

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...

05.02.2024

US animal protein prices flat to lower amid light trading

US animal protein prices flat to lower amid light trading

US animal protein prices were steady to lower on Thursday May 2 amid reportedly limited trading, with multiple market participants traveling to the Petfood Forum in Kansas City, Missouri,...

05.02.2024

International animal fats and oils, May 2 2024

International animal fats and oils, May 2 2024

Trade was slow in Europe in the week to Thursday May 2, with animal fats prices showing no change, while the vegetable oil and used cooking oil (UCO) sectors...

Latest Tweets