Soybean Oil Prices Rally One Percent in Last 20 Minutes

Soybean Oil Prices Rally One Percent in Last 20 Minutes

Soybean Oil Prices Rally One Percent in Last 20 Minutes

World vegetable oil prices were mixed on Friday as palm oil prices moved lower and soybean oil prices rallied. Palm oil futures “caught down” to soybean oil after the resumption of trading following a national holiday on Thursday and a late-session rally let soybean oil futures to settle just below the high of the day. The moves drove the spread between the January soybean oil and palm oil contracts up to 3/4 cent after it tested parity earlier in the week.

Crude oil prices continued to move lower, with the benchmark West Texas Intermediate (WTI) contract falling more than 1 1/2 percent (December contract -$0.57 per barrel). The decline left the contract below the $36-per-barrel level for the first time since the end of May. Prices remained below the lower Bollinger band, and volume declined substantially from a peak on Thursday, suggesting the decline may pause or slow…

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

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

11.27.2020

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

11.12.2020

Soy Oil/Palm Oil Price Spread Falls Back Below Parity

11.09.2020

Vaccine Driven Soybean Oil Rally Reverses at Critical Level

Blog

12.01.2020

Fats, Oils, & Fuels Webinar 12/1/20: Customer Q&A

Fats, Oils, & Fuels Webinar 12/1/20: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, December...

11.27.2020

Grain & Feed

Grain & Feed

PROGRAMMING NOTE: The Grain and Feed Bulletin will not publish on Thursday, Nov. 26. We'll print a price update on Friday, Nov. 27 and be back to our normal schedule...

11.27.2020

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Soybean oil prices rallied during the shortened trading session on Friday as overnight strength...

Latest Tweets

We've setup a tracker to keep tabs on the conversion to renewable fuels. https://thejacobsen.com/renewable-fuels/?refcode=twitter #renewables #biodiesel #feedstocks #lowcarbon ... #fuels #alternativeenergy #diesel

We're IOSCO compliant!
https://thejacobsen.com/about/media/iosco-compliance/ #pricereporting #dco #yellowgrease #usedcookingoil #commodity

Load More...

Keep Track of the Conversion to Renewable Fuels on our special section: Renewable Fuels Watch