Soybean Oil Futures Mixed Despite Sharp Drop In Soybean Price
The palm oil market was closed on Thursday, leaving soybean oil traders on their own. Without the palm oil market’s overnight influence, soybean oil relied partially on soybean futures. However, when soybean prices plummeted shortly after the U.S. opening, soybean oil held close to unchanged. Bull spreading within soybean oil curve and oil/meal spreading by funds left soybean oil futures mixed with nearby contracts gaining about 1/4 percent (March contract +13 basis points) and deferred contracts down less than 1/4 percent (December contract -3 basis points).
At this point, it is clear that a combination of robust demand, particularly from the export market and weak crush margins, has left the market short of nearby soybean oil…
01.10.2025
Canadian government awards $11 mln in renewable fuels grants
Canada’s federal government announced on Tuesday January 7 more than C$11 million in grants to support the development of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel.
01.10.2025
Draft 45Z guidance shakes UCO markets, boosts prospects for domestic feedstocks
Draft regulations for the Clean Fuel Production Credit (CFPC), part of the Inflation Reduction Act (IRA), were released on Friday January 10 by the US Treasury Department and the...
01.10.2025
Sausage casings bulletin, January 10, 2025
Runner market commentary
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