Cash markets started off the week on a quiet note. Basis indications on U.S. interior soybean oil held to previous and somewhat generally wide bid-and-ask ranges.
The U.S soybean futures complex traded on both sides of the ledger on Monday. The contract ended higher though, supported by a rebound in crude oil values and bullish weather forecasts for Brazil and planting progress. Consultancy AgRural reported on Monday that while soybean sowing in Brazil moved higher last week, it remains at its slowest rate since the 2015/16 crop year.
In Chicago on the CME, December soybean oil futures ended the session up 38 basis points per pound, or 0.7 percent, but below 52 basis points per pound, at 51.91 cents per pound. January soybean oil futures finished at 51.06 cents per pound, up 77 basis points per pound, or 1.5 percent, on the trading day.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...