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US spot edible oil prices little changed in dull trade

Alexandra Watts | 06.11.2024

Fastmarkets’ basis assessments for soybean oil, crude/de-gummed, fob central Illinois and US Gulf were steady.

July soybean oil futures in Chicago ended the Tuesday session little changed, which left outright prices virtually unmoved on the day.

Soybean oil futures chopped around again before closing relatively flat due to a lack of fresh fundamental news. July soy oil futures settled at $0.4367 per lb on Tuesday, up by just 1 basis point from $0.4366 per lb on Monday June 10.

Market participants squared positions ahead of the USDA’s latest monthly World Agricultural Supply and Demand Estimates (WASDE) on Wednesday June 12. Market participants expect the agency to hike its projection for US 2024/25 soybean crop ending stocks to 455 million bushels from 445 million bu in May.

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06.27.2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

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06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

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Exchange rate: EUR/USD — $1.153

Resale European hog runner:
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06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

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US spot edible oil prices little changed in dull trade

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