Market Activity

Please note: Bob Lane will be out of the office through Monday, August 24th. Please contact Ryan Standard at 331.276.8227 or [email protected] with any questions, comments or trading. 

Veg Oil Markets

by Tore Alden

World vegetable oil moved lower on Friday as falling cash prices outweighed gains on the Dalian exchange. Weakness in crude oil prices during the overnight session and again during U.S. trading hours also contributed to the bearish tone.

Soybean oil futures fell by 1/2 percent or less (December contract -11 basis points per pound). Weakness in the soybean complex and light fund spreading also weighed on prices. However, buying below the five-day exponential and 10-day moving averages limited the decline. Traders will look forward to the monthly supply and demand data…