World edible oil prices ended slightly lower on Tuesday, with palm and soybean oil futures ultimately sliding amid a stronger U.S. dollar, softer energy prices, and lower exports out of Malaysia. Losses were contained, however, as participants also positioned themselves ahead of the U.S. EPA’s RVO announcement on Wednesday. Following a one-week delay, the final figures are uncertain, but the agency is expected to modestly increase proposed renewable volume blending mandates for 2023-2025.
Following a seesaw session in Chicago, nearby soybean oil futures settled marginally lower on profit-taking. July soybean oil futures ended at 59.63 cents per pound, down 6 basis points per pound, while the August contract finished at 58.73 cents per pound, down 3 basis points per pound.
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01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
80% crude glycerin prices are being quoted in the $0.17-0.20 per pound range this week. Kosher crude glycerin prices were holding near $0.25 per pound, while refined glycerin...
01.13.2025
Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
The US animal fats and oils markets began the week on a quieter note on Monday January 13, as
01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...