Bearish Palm Oil Data Triggers Selling in Vegetable Oils
World vegetable oil prices were mixed on Monday as bearish fundamental data pressured palm oil futures while buying across the soybean complex supported soybean oil prices. Crude oil trading was volatile during the U.S. session, but values have risen steadily from the low set Friday afternoon. With the Malaysian Palm Oil Board ( MPOB) report out of the way, soybean oil traders will look forward to the monthly World Agricultural Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA), scheduled for release at 11 a.m. (CDT) on Wednesday. While traders will react to any changes in USDA’s soybean oil balance sheets, its prediction of U.S. soybean production could drive soybean oil futures higher or lower in the short term.
Nearby soybean oil futures were…
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...
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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...