Vegetable Oil Markets Continue Move Lower Despite Surge in Crude Oil Prices
World vegetable oil prices continued to move lower on Monday despite a massive surge in crude oil futures, which took prices from almost nine percent lower during the overnight session to settle more than eight percent higher. In addition to ignoring the rally in crude oil, the two major vegetable oil markets did not move lower for the same reasons.
Soybean oil futures lost about 1 1/4 percent (July contract -35 basis points per pound) on weakness across the soybean complex due to rising tensions between the U.S. and Chinese governments. However, futures settled well above the low of the day due to buying at the 10-day moving average. Given that political tensions are likely to continue ahead of the U.S. election, it may be difficult for soybean oil futures…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
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Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...