US cash vegetable oil markets were sluggish on Monday July 15. Most eyes were glued to soybean oil futures in Chicago, which ended lower following a volatile session; prices plummeted early in the day before losses were pared.
On the Chicago Mercantile Exchange, August soybean oil futures closed at $0.4642 per lb on Monday, down by 23 basis points per lb, or 0.5%, from $0.4665 per lb on Friday July 12.
Soybean oil futures initially sold off sharply after the weekend’s failed assassination attempt against former US President Donald Trump. The shooting increased market speculation that Trump could win another term following the November US presidential election.
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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...