Selling Across Markets Drives Vegetable Oils Sharply Lower

Selling Across Markets Drives Vegetable Oils Sharply Lower

Selling Across Markets Drives Vegetable Oils Sharply Lower

Concerns about rising coronavirus cases in Europe and the death of Justice Ginsberg over the weekend left traders to reduce risk across most financial assets classes. As a result, most vegetable oil prices fell sharply, but futures continued to move higher on the Dalian exchange. The Chinese soybean oil futures gained about 1 1/2 percent, and palm oil prices rose more than 1 3/4 percent. However, the general derisking drove crude oil prices sharply lower with the benchmark October contract falling nearly 3 3/4 percent and settled back below the psychologically critical $40 per barrel level.

Given the lack of a fundamental change, generalized selling across commodity markets, and the gains in the vegetable oil prices on the Dalian exchange, it seems unlikely the trend higher in world vegetable oil prices has…

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