05.09.2025
Sausage casings bulletin, May 9, 2025
Runner market commentary
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Soybean oil futures closed higher on Thursday May 16 amid technical buying.
On Thursday, July soybean oil futures on the Chicago Mercantile Exchange (CME) closed at $0.4452 per lb, up by 97 basis points, or 2.23%, from $0.4355 per lb on Wednesday May 15.
Soybean oil futures rebounded on Thursday after decreasing midweek on data from the National Oilseed Processors Association (NOPA) that showed US soybean crush fell to a seven-month low in April of 166.03 million bushels.
The April crush figure was down by more than 30 million bu, or 15%, from a record high of 196.406 million bu in March.
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The April crush figure was down by more than 30 million bu, or 15%, from a record high of 196.406 million bu in March.
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