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.

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03.07.2025

Sausage casings bulletin, March 7, 2025

Sausage casings bulletin, March 7, 2025

Runner market commentary
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03.03.2025

EASA releases EU SAF mandate penalty reference prices

EASA releases EU SAF mandate penalty reference prices

The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...

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Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

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Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.

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