Vegetable Oil Rally Sets Fresh Life-of-Contract Highs
Weather concerns continued to drive buying across the oilseed complex on Thursday. The rally left the benchmark contracts for palm oil and soybean oil at fresh life-of-contract highs. The benchmark soybean oil contract has rallied 20 percent since testing the 50-day moving average on April 12. The benchmark palm oil contract has jumped more than 16 percent after trading below its 50-day moving average on the same day. In addition to the concerns about early-season planting conditions in the Corn Belt, bullish World vegetable oil fundamentals and rising cash prices have also contributed to the buying.
The United States Department of Agriculture (USDA) released its weekly Export Sales report for the week ending April 15 on Thursday. USDA reported soybean oil sales totaled 5,700 tonnes, up from last week’s net…
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...