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…
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...
02.21.2025
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...