Bullish Reports Drive Vegetable Oil Prices Sharply Higher

Bullish Reports Drive Vegetable Oil Prices Sharply Higher

Bullish Reports Drive Vegetable Oil Prices Sharply Higher

World vegetable oil prices jumped sharply on Monday as buying in the Asian markets drove soybean oil prices higher in the overnight session. Monday was the first opportunity for Asian traders to react to the latest World Agricultural Supply and Demand Estimates (WASDE) report, which was bullish and followed bullish data from the Malaysian Palm Oil Board (MPOB). The continuation of the rally in soybean prices initially drove buying across the complex during the overnight session. However, During the U.S. session, fund spreading pushed soybean oil futures sharply higher while soybean meal prices fell. Crude oil prices were narrowly lower on Monday after trading on both sides of unchanged.

Soybean oil futures gained about 1 3/4 percent (December contract +58 basis points per pound) to set a fresh…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

Membership required to view content.


Membership required to view content.


Exchange rate:
EUR/USD — $1.153

Resale European hog runner:

06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

Latest Tweets