Soybean oil futures on the Chicago Mercantile Exchange rose for a third consecutive day on Wednesday July 3. With managed money holding a very large amount of net short positions, traders once again covered themselves in light trade before the US Independence Day holiday on Thursday July 4.
The August soybean oil futures contract reached fresh multi-month highs, settling at $0.4864 per lb on Wednesday, up by 160 basis points, or 3.4%, from a close of $0.4704 per lb on Tuesday July 2. Over the last three trading sessions, August soy oil futures gained 457 basis points per lb, or 10.37%, since June 28.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...