05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Crude oil prices are trading sideways, but it appears that producers along with hedge funds believe prices will continue to climb. The term-structure of crude oil shows that a robust backwardation remains in place, but below the average for 2018. The range has been substantial, rising as high as $7 per barrel for the December red December spread, to a low of $3 per barrel. A backwardation shows that demand…