Gains in Soybean Futures Drive Soybean Oil Prices Higher

Gains in Soybean Futures Drive Soybean Oil Prices Higher

Gains in Soybean Futures Drive Soybean Oil Prices Higher

Soybean oil prices rose sharply on Tuesday, supported by gains in soybean futures. Strength in energy prices offset weakness in soybean oil and vegetable oil futures on the Dalian exchange during the overnight session to help palm oil futures post narrow gains. It was the second consecutive day of lower prices in Chinese markets. It is too soon to know whether the record volume of soybean imports has allowed Chinese crushers to fill in the missing vegetable oil supply that has driven prices higher over the last several months. Cash vegetable oil prices remain elevated but have slowly trended lower over the last six weeks. If Chinese demand starts to slow and negotiators resolve the Argentine port strike, vegetable oil futures could come under pressure. However, relatively low palm oil inventories in Malaysia and growing demand from biomass-based…

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

01.14.2021

Soybean Oil Erases Overnight Lows Following EPA Announcement

01.13.2021

Soybean Oil Falls on Weakness in Soybean Futures

01.06.2021

Tight Stocks and Flooding Drive Palm Oil Prices Higher

Blog

01.21.2021

Retail Protein Demand Forecast

Retail Protein Demand Forecast

The Jacobsen is forecasting animal protein sales will rise approximately 7% year over year in 2021.

01.20.2021

Trump Grants Two 2019 SRE’s as He Heads Out of Office

Trump Grants Two 2019 SRE’s as He Heads Out of Office

Pardons and commutations might be the most sensationalized of the last-minute acts presidents make but at least this year, there was another sneaky adjustment.  The Trump administration decided to aggravate the...

01.15.2021

Newly Released Hemp Rules

Newly Released Hemp Rules

Hemp Bulletin readers may have seen the news that the USDA today released the final rule for the US domestic hemp program.  After skimming the several hundred page document, there are some initial takeaways...

Latest Tweets

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

Now you can hedge organic corn, wheat, soybean etc. https://thejacobsen.com/consulting/hedging-commodities/ #organic #corn #soybeans #wheat #grains

Load More...