SBO futures decline from WASDE-induced highs

SBO futures decline from WASDE-induced highs

Soybean oil futures initially moved higher on Friday July 12 in response to the release of the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE), with the August contract reaching an intraday high of $0.4780 per lb.

However, the contract soon resumed its slide. It settled Friday at $0.4565 per lb, down by 47 basis points per lb, or 1%, from a close of $0.4712 per lb on Thursday July 11.

The latest WASDE figures showed a few unexpected changes to the agency’s soybean and soybean oil balance sheets.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

Membership required to view content.


Membership required to view content.


Exchange rate:
EUR/USD — $1.153

Resale European hog runner:

06.24.2025

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

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...

Latest Tweets