Soybean Oil Prices Unchanged Ahead of WASDE
Vegetable oil markets were marginally changed on Thursday as palm oil traders digested a pair of bullish fundamental reports. However, concerns about rising output and the desire to wait until the United States Department of Agriculture (USDA) published its monthly World Agricultural Supply and Demand Estimates (WASDE) kept a lid on any attempt to rally. Soybean oil traders are also awaiting the WASDE report, which will feature the first set of objective yield data for the 2020/21 crop from sample plots across the Corn Belt. Weakness in crude oil prices, which fell by about 2 1/2 percent, also capped any bullish enthusiasm.
Soybean oil futures were marginally mixed (December contract -1 basis point per pound). Selling at the 10-day moving average limited an overnight attempt to rally while buying at the five-day exponential moving average limited…
01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
01.07.2025
Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
01.07.2025
Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...