Concerns About Rising Inventories Continue to Pressure World Vegetable Oil Prices
World vegetable oil prices continued to move lower on Wednesday as concerns about demand and weakness in crude oil prices triggered selling. The move was not as correlated with crude oil as the end of the day prices might suggest as vegetable oil prices fell right from the opening of trading during the overnight session and the decline accelerated when crude oil started to move lower.
Soybean oil futures fell about 1 3/4 percent (July contract -47 basis points per pound) as selling across the soybean complex due to concerns about rising tensions between the United States and Chinese governments added to the pressure from the bearish fundamentals. The decline was the largest daily change in more than a week and left the most actively traded July contract back below the…
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...
02.21.2025
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...