Please note – Ryan Standard will be out of the office through Friday, June 2nd. In his absence, please contact Amanda Luhavalja at [email protected].

Trading was very quiet on Tuesday to start the Memorial Day holiday-truncated week. Distiller’s corn oil was heard bid higher into the Gulf at 60 cents delivered early today, with most all other markets unchanged.

Most participants remained sidelined as U.S. soybean oil prices collapsed more than 5%, plunging to the lowest close for the nearby contract since early February 2021. July soybean oil futures settled at 46.20 cents per pound, while August closed at 46.32 cents per pound. 

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