Export Data Triggers Selling in Palm Oil Market
Vegetable oil futures remained mixed on Tuesday as the same trends continued to widen the spread between soybean oil and palm oil prices. Buying across the soybean complex contributed to the strength in soybean oil futures, which traded both sides of unchanged during a relatively volatile session. Concerns about rising inventories due to seasonally increases in production and slowing exports triggered selling in the palm oil market. Strength in the Malaysian ringgit also contributed to the bearish tone in palm oil.
Soybean oil futures gained more than one percent (December contract +33 basis points per pound). The rally left the benchmark December contract to settle above 32 cents for the first time since February. However, selling at the upper Bollinger band limited the advance. Improving soybean oil fundamentals and…
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...