World Vegetable Oil Prices Drop Despite Gains in Crude
Soybean oil prices fell sharply during U.S. trading on profit-taking across the soybean complex. However, as soybean futures rallied back to post gains at the close, soybean oil futures trimmed the decline. Still, liquidation of long oil share positions, despite a four-percent rally in West Texas Intermediate (WTI) futures, left soybean oil futures lower for the day. Overnight weakness in world vegetable oil futures weighed on palm oil prices, which also settled lower on Tuesday.
The narrowing of the spread between soybean oil and heating oil futures (HOBO), which fell from $1.68 per gallon on Thursday to $1.53 on Tuesday, should support soybean oil prices. However, given…
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...