Domestic soybean oil sales fall after recent Gulf Coast surge

Domestic soybean oil sales fall after recent Gulf Coast surge

US soybean oil 2024/25 net sales and exports tumbled in the week to November 7, according to the latest figures issued by the USDA on Friday November 15.

At 16,500 tonnes, domestic soybean oil sales were down by 86% from the prior week. Over the same reported period, the US exported 2,000 tonnes of soybean oil, down by about 20% week on week.

Market sources had told Fastmarkets prior to the USDA release that they expected US sales and shipments of soyoil would start to dry up, since basis levels on soybean oil in Argentina had eased recently.

Palm oil is usually the cheapest global vegetable oil, and it is usually priced at a discount of $30-40 per tonne to soybean oil. However, palm oil has been trading at a premium to soybean oil since August.

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