Vegetable Oils Prices Jump on Bullish Fundamental Data

Vegetable Oils Prices Jump on Bullish Fundamental Data

Vegetable Oils Prices Jump on Bullish Fundamental Data

Vegetable oil prices jumped sharply on Monday as bullish fundamental data for palm oil exports and soybean oil usage in biofuel production combined with a rally on the Dalian exchange to trigger buying. Once again, crude oil futures rallied during U.S. trading hours, after trading lower for most of the overnight session.

Soybean oil futures rose as much as 2 1/2 percent (September contract +75 basis points per pound) to settle at a post-pandemic crash high. Selling above…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.13.2024

Neste, Air Canada sign SAF agreement for Vancouver

Neste, Air Canada sign SAF agreement for Vancouver

Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...

11.13.2024

CWG prices up slightly; DCO movements mixed

CWG prices up slightly; DCO movements mixed

The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...

11.13.2024

2024/25 grain consuming animal unit headcounts increase by 0.39%

2024/25 grain consuming animal unit headcounts increase by 0.39%

Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...

Latest Tweets