Soybean Oil Futures Marginally Lower
Soybean oil futures settled about 1/4 percent lower (July contract -5 basis points per pound) on Monday while the palm oil market was closed in observance of a holiday. Soybean oil futures followed crude oil prices higher early in U.S. trading after the announcement by Saudi Arabia that it was cutting output sent prices sharply higher. However, crude oil and soybean oil sold off through most…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...