Economic Optimism Drives Soybean Oil Rally

Economic Optimism Drives Soybean Oil Rally

Economic Optimism Drives Soybean Oil Rally

Soybean oil futures rallied Tuesday as a resumption of the rally in crude oil reflected increased optimism about the economy as state and local governments gradually relax restrictions put in place to slow the spread of the coronavirus. The rally drove soybean oil futures more than 2 1/4 percent higher (July contract +63 basis points per pound) and erased most of the decline that occurred in the last four days of last week. The…

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12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

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Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

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December cattle on feed down on month, year

December cattle on feed down on month, year

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The only significant price...

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