Vegetable Oil Prices Continue to Rally
World vegetable oil prices were higher on Tuesday as palm oil rose despite overnight weakness in crude oil. Soybean oil prices rallied as crude oil erased the overnight decline during U.S. hours. The rally helped lift soybean oil prices to modest gains, but the most actively traded July contract remained below the high set on Friday. With one day left to trade until a dump of data from the United States Department of Agriculture (USDA) and the Malaysian Palm Oil Board (MPOB), price moves are likely to remain muted on Wednesday. After the reports, the data will drive the short term price movement.
Soybean oil futures gained a little less than 1/2 percent (July contract +13 basis points per pound) on the support from crude oil and technically driven buying at the five-day exponential average. Soybean oil is in the upper end of The…
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...