World Vegetable Oil Prices Mixed on U.S./Chinese Tensions
World vegetable oil prices were mixed on Monday. Palm oil futures ended slightly lower on profit-taking following an increase in political tension between the United States and Chinese governments that triggered selling across financial markets. Soybean oil futures rose as crude oil prices rallied back to unchanged following a decline at the opening of U.S. trading.
Soybean oil futures gained a little more than 3/4 percent (July contract +22 basis points per pound) to settle close to the upper end of the recent trading range. Prices were supported by buying at the five-day exponential moving average but were limited by selling just below the upper Bolling band. Data released by the United States…
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...