Vegetable Oil Prices Mixed on Directionless Crude Oil
World vegetable oil prices were mixed on Friday with nearby soybean oil and palm oil prices unchanged or slightly higher, while deferred contracts ended the week marginally lower. Crude oil prices traded on both sides of unchanged but were also close to Thursday’s close at the end of agricultural trading. Equity markets traded in a volatile session as traders try to gauge the impact of a resurgence in the coronavirus outbreak in critical states. To the extent equity prices reflect expectations for the economic recovery, their movement in the coming week may provide some insight into the trend in oil prices over the next several weeks.
Soybean oil futures settled less than 0.1 percent on either side of unchanged, but traded higher in the overnight session and lower during U.S. trading hours as prices largely followed…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...