Bullish WASDE Drives Soy Complex Prices Higher
Bullish data from the United States Department of Agriculture (USDA) released on Friday, drove soybean oil prices higher. Palm oil prices only moved modestly as traders in Malaysia waited for the results of the USDA report before committing to new long positions. Crude oil prices were modestly higher on Friday but were sharply lower for the second consecutive week.
USDA published its monthly World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports, which triggered buying across the soybean complex. USDA’s changes to its U.S. soybean oil balance sheets were generally bullish, but rising soybean futures triggered the liquidation of long oil share positions, which limited gains. Still, with the Malaysian Palm Oil Board (MPOB)…
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...