Soy Complex Weakness Drives Soybean Oil Prices Lower
Soybean oil prices fell on Thursday as disappointing export sales data and selling across the soybean complex triggered long oil share liquidation by the funds. With weakness on the Dalian exchange and without the support of the Malaysian market, which was closed in observance of a national holiday, traders were free to push prices sharply lower in the overnight session. The overnight decline extended the selling from the high set just after the opening of U.S. trading on Wednesday and drove prices almost 2 1/2 percent lower before the market set the low for the day, just after the U.S. opening on Thursday.
Prices moved higher shortly after the U.S. opening but traded sideways for most of the…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...