Fund Spreading Continues to Drive Soybean Oil Futures Lower
World vegetable oil prices continued to move lower on Tuesday as follow-through selling in palm oil continued to trigger the liquidation of long oil share positions in the soybean oil market by funds. Crude oil traded higher overnight but was lower by the end of the U.S. agricultural session, contributing to the bearish tone. Traders are looking forward to the monthly World Agricultural Supply and Demand Estimates (WASDE) report, scheduled for release on Wednesday at 11 a.m. (CDT) for guidance on the next trend in prices. If the report features a bearish production forecast for soybeans, selling across the complex may weigh on soybean oil values even if the changes in USDA’s soybean oil balance sheets are bullish.
Nearby soybean oil futures declined by about 1/2 percent (September contract -11…
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...