Cargo Surveyor Data Drives Vegetable Oil Futures Higher
Vegetable oil futures were generally higher on Monday as overnight strength in palm oil prices triggered long oil share spreading by the funds during the U.S. session. However, due to similar moves in the soybean market, the liquidation of bull spreads limited the gains in the front end of the soybean oil curve. Bullish cargo surveyor data for April drove the rally in palm oil prices, lifting the benchmark contract to its largest single-day gain in 11 months. The rally left the benchmark soybean oil contract at a new life-of-contract high, while the benchmark palm oil contract settled just below the high set Wednesday.
Most soybean oil contracts rose more than two percent (December contract +120 basis points per pound) but settled well below overnight highs. Nearby contracts gained more than one percent (July contract…
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...