**Please note – There will be no Vegetable Oil bulletin on Monday, January 1.**
U.S. soybean oil futures were higher on Wednesday following a session of thin, sideways trading. The January soybean oil contract closed above 48.00 cents per pound, up 33 basis points per pound, or 0.7 percent, at 48.24 cents per pound. March soybean oil ended at 48.66 cents per pound, up 15 basis points per pound. Light short covering by funds was sparked amid stronger world crude oil markets, which advanced in part from rising tensions in the Middle East.
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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...