Weather Concerns for Corn-Belt Drive Soybean Oil Rally
Vegetable oil prices rose on Monday as concerns about U.S. soybean production drove buying in the soybean complex. Palm oil futures rallied on the strength of soybean oil and traders’ expectations that the Malaysian Palm Oil Board would report a reduction in palm oil inventories when it releases its monthly supply and demand data at the end of the week. Crude oil prices were also higher overnight but sold off during U.S. trading hours to settle just below unchanged. Traders in both markets will be looking ahead to data from the United States Department of Agriculture and MPOB at the end of the week to guide the short-term direction of the markets.
Soybean oil futures gained more than 1 1/2 percent (August contract +45 basis points per pound) but settled about 1/2 percent off the high of the day as late session…
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...