Rising Political Tensions Weigh on Soybean Oil Prices
Soybean oil futures were lower on Thursday on the increase in political tensions between the United States and China that triggered selling across the soybean complex. Technically driven selling at the upper Bollinger band also contributed to the weakness, but buying at the 5-day exponential moving average limited the decline. Futures fell by more than 3/4 percent (July contract -25 basis points per pound) but did not do any significant damage to the technical outlook for the market. Light oil/meal spreading by the funds limited the decline, but the activity was…
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...