Vegetable Oil Prices Mixed, but May Head Lower

Vegetable Oil Prices Mixed, but May Head Lower

Vegetable Oil Prices Mixed, but May Head Lower

World vegetable oil markets were mixed on Wednesday as both soybean oil and palm oil traders largely ignored the movement in the energy market. Crude oil remained under pressure for most of the overnight session and during U.S. trading hours and was down about two percent at the close of U.S. agricultural trading.

Soybean oil futures fell more than 1 1/4 percent (July contract -35 basis points per pound) as broad selling across agricultural futures and weakness in soybean prices triggered selling. Fund oil share spreading also weighed on prices. The decline left the most actively traded July contract back below the psychologically important 26-cent level, which erased most of the gains made last week.

Palm oil futures gained almost two percent (July contract…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

06.24.2020

Rising COVID Infections Trigger Vegetable Oil Market Selling

06.10.2020

Vegetable Oil Prices Decline Ahead of Data

06.03.2020

Palm Oil Futures Continue to Rally

Latest News

04.14.2020

Podcast: Feedstocks to Biofuels Market Intelligence Weekly Webinar

02.11.2020

Small Refinery Exemptions

Blog

06.24.2020

Rising COVID Infections Trigger Vegetable Oil Market Selling

Latest Tweets

Chase Hubbard is on Thursday's discussion of The ‘Lo Down: Real Talk With Hemp Farmers. We’re going over the hemp marketplace with a fine-tooth comb, from pricing to ... forecasting, commoditization challenges, policy and much more #cbd #hempfarming https://www.instagram.com/p/CBDjGLSBXdb/

Webinar on 2020 Organic Corn and Soybean planting survey results, presented tomorrow. https://us02web.zoom.us/webinar/register/WN_tq4BSybeQ-K8lw8yE5vBjA #organic #organicfood ... #grain #corn

Load More...