For the first time in nine consecutive trading sessions, US soybean oil futures in Chicago fell on Thursday September 26. Funds took profits and sold positions alongside losses in crude oil futures.
The October soybean oil contract closed the day at $0.4292 per lb, down by $0.0146 per lb, 3.3%, from a close of $0.4438 per lb on Wednesday September 25.
December soy oil futures ended at $0.4290 per lb on Thursday, down by $0.0125 per lb, 2.8%, from a settlement of $0.4415 per lb during the previous trading session.
A massive drop in soybean oil exports and sales also weighed on soybean oil prices.
Figures from the USDA published on Thursday showed US soybean oil exports and sales fell sharply from 2023/24 marketing-year highs.
…
10.04.2024
US RD interregional shipments decline to 6-month low in July: EIA
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report released Monday September 30, showed that July interregional shipments of renewable diesel (RD) and biodiesel to the US West...
10.04.2024
Geopolitical tensions, policy uncertainty stymies US animal fats, oils trade
The Missouri River choice white grease (CWG) market moved to a low of 42.5 cents per lb FOB after trading was done late on Thursday October 3.
Distiller’s...
10.04.2024
Hurricane Helene impact on US animal proteins still unknown
US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities...