Soy Oil Continues Slide on Selling in Soybean Futures

Soy Oil Continues Slide on Selling in Soybean Futures

Soy Oil Continues Slide on Selling in Soybean Futures

Soybean oil prices continued to move lower on Tuesday as weakness in soybean futures triggered fund meal/oil spreading. The decline in soybean prices more than offset gains in palm oil prices, leaving the spread between soybean oil and palm oil close to the recent lows. Robust soybean meal demand is likely to continue to drive meal/oil spreading by funds, leaving soybean oil futures to reflect any additional declines in soybean prices. Oil share for the January contracts settled at 32.2 percent on Tuesday, a slight increase from the average of 32.1 percent in November and 31.1 percent in October. However, oil share could fall back to the monthly average low of 30.2 percent in March if soybean futures continue to decline. That said, world cash vegetable oil prices remain close to recent highs, so bullish world vegetable oil fundamentals may limit…

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

02.26.2021

Soybean Oil Prices Rally Despite Decline in Soybean Futures

02.10.2021

Cargo Surveyor Data Lifts Palm Oil Despite Bearish MPOB Data

02.02.2021

Vegetable Oil Prices Fall on Export Concern and Oilseed Drop

Blog

03.02.2021

Fats, Oils, & Fuels Webinar 3/2/21: Customer Q&A

Fats, Oils, & Fuels Webinar 3/2/21: 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, March...

02.26.2021

Soybean Oil Prices Rally Despite Decline in Soybean Futures

Soybean Oil Prices Rally Despite Decline in Soybean Futures

Soybean Oil Prices Rally Despite Decline in Soybean Futures

Vegetable oil prices were mixed on Friday as fund spreading lifted the front-end of the soybean oil...

02.26.2021

Grains End Week Higher Despite Two-Day Slide

Grains End Week Higher Despite Two-Day Slide

 

Weekly Soybean and Corn Prices Hold Close to Near-Term Highs

Grain prices finished the week stronger despite Thursday's sell off. Grain prices had limited follow through allow weekly prices remain...

Latest Tweets

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Load More...