At the physical market, prices for US vegetable oils were slightly mixed in the week to Monday November 11.
Corn oil, sunflower oil and cottonseed oil prices increased following a rally in benchmark US soybean oil futures last week.
Fastmarkets assessed sunflower oil, refined, bleached and deodorized (RBD), Minnesota/North Dakota at $0.7800 per lb on Monday, up from $0.7600 per lb the week before.
Fastmarkets assessed cottonseed oil, PBSY, fob Mississippi Valley for nearby delivery at $0.5300 per lb on Monday, up from $0.5200 per lb a week earlier.
Basis indications for canola oil eased slightly last week, down from a premium of 10.5 cents per lb above the benchmark soybean oil futures contract in Chicago to a premium of 10.0 cents per lb.
Fastmarkets assessed canola oil, RBD, fob Los Angeles at $0.5814 per lb on Monday, down from $0.5877 per lb in the session prior.
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11.12.2024
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