Soybean Oil Prices Drift Lower on Profit-Taking
Soybean oil futures were mixed on Monday as lower oil prices and selling across the soybean complex weighed on values. Nearby futures fell by less than 1/4 percent (July contract -4 basis points per pound), while deferred contracts were unchanged (March 2021 contract) or rose by less than 1/4 percent (July 2021 contract +4 basis points). The selling was mostly technically driven profit-taking following sharp gains on Friday….
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.