Corn Oil, Sunflower Oil Cash Markets Step Down Again

Corn Oil, Sunflower Oil Cash Markets Step Down Again

Cash market indications for corn oil and sunflower oil extended lower this week. Overall lackluster vegetable oil demand from the biofuels and non-biofuel sectors has led to a collapse in market prices. Midwest crude corn oil indications dropped to a level in the mid-50s cts/lb. Crude corn oil values have lost about 10 percent since the same period in 2023.  

Sunflower oil prices in Minnesota/North Dakota moved down 100 basis points this week, from 74 cts/lb to 73 cts/lb. On the year, sunflower oil prices have fallen 45 cts/lb, or more than 38 percent, in value.  

Figure 1.

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