Rally in Crude Oil Lifts World Vegetable Oil Prices

Rally in Crude Oil Lifts World Vegetable Oil Prices

Rally in Crude Oil Lifts World Vegetable Oil Prices

A bounce in crude oil prices helped world vegetable oil markets recover a small portion of the declines posted on Tuesday. However, the commodities recovered from oversold levels, and the strength of the bounce is questionable. There is still little if any, storage in Cushing and the world remains historically oversupplied with crude oil, so if crude prices can not sustain the recovery, world vegetable oil prices could resume the move lower.

Soybean oil futures gained a little more than 3/4 percent (July contract +23 basis points) and settled well below the high of the day. However, the move was enough to leave the most actively traded July contract back within the…

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

03.28.2025

Sausage casings bulletin, March 28, 2025

Sausage casings bulletin, March 28, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is...

03.21.2025

Sausage casings bulletin, March 21, 2025

Sausage casings bulletin, March 21, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is...

03.14.2025

Sausage casings bulletin, March 14, 2025

Sausage casings bulletin, March 14, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is r...

Latest Tweets