Fundamental Data Drives Soybean Oil Prices Above Key Level

Fundamental Data Drives Soybean Oil Prices Above Key Level

Fundamental Data Drives Soybean Oil Prices Above Key Level

Bullish fundamental data drove palm oil and soybean oil prices higher on Tuesday, with soybean oil prices breaching a key technical level and palm oil futures settling at fresh life-of-contract highs. The data from the United States Department of Agriculture (USDA) and the Malaysian Palm Oil Board (MPOB) was generally in line with expectations. Still, traders drove prices higher on the confirmation of analysts’ pre-report estimates.

Higher energy prices also contributed to the bullish tone as a 2 3/4-percent gain in the West Texas Intermediate (WTI) benchmark contract left it well above the $41 per barrel level. Once again, continued optimism about developments for a coronavirus vaccine outweighed concerns about the pandemic’s acceleration across Europe and portions of the United States. A report from the Energy Information Administration (EIA) indicating 2020 U.S….

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06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

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06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

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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...

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