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.
Strength in Soybean Market Drives Rally in Soybean Oil Prices
by Tore Alden
World vegetable oil prices rallied on Monday despite fund liquidation of long oil share positions and bearish cargo surveyor data in Malaysia. A resumption in the rally of vegetable oil prices on the Dalian exchange and higher cash vegetable oil prices contributed to the bullish tone. Strength in crude oil prices, which settled nearly two percent higher, also triggered buying in vegetable oil contracts.
Soybean oil futures rose nearly 1 1/2 percent (December contract +44 basis points per pound) on the strength in soybean prices and bullish data from…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...