Vegetable Oils Narrowly Mixed Following Reports
Vegetable oils were narrowly mixed on Friday as the fundamental reports largely had limited impacts on traders’ outlooks for prices. Prices moved in the opposite direction of crude oil, which was lower in the overnight session but rallied sharply during U.S. trading hours.
Soybean oil futures fell by about 1/4 percent (September contract -7 basis points per pound) as the United States Department of Agriculture (USDA) raised its forecast for U.S. soybean oil ending stocks slightly in both 2019/20 and 2020/21. USDA increased its forecast for soybean crush, which lifted its predictions for supplies but offset those most of those increases with larger projections for exports in both years. The changes were generally in line with The Jacobsen’s pre-report balance sheets, with the most substantial disagreement occurring in…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...