Rally in Crude Oil Lifts World Vegetable Oil Prices
A bounce in crude oil prices helped world vegetable oil markets recover a small portion of the declines posted on Tuesday. However, the commodities recovered from oversold levels, and the strength of the bounce is questionable. There is still little if any, storage in Cushing and the world remains historically oversupplied with crude oil, so if crude prices can not sustain the recovery, world vegetable oil prices could resume the move lower.
Soybean oil futures gained a little more than 3/4 percent (July contract +23 basis points) and settled well below the high of the day. However, the move was enough to leave the most actively traded July contract back within the…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...