Rally in Crude Lifts Soybean Oil Prices

Rally in Crude Lifts Soybean Oil Prices

Rally in Crude Lifts Soybean Oil Prices

Vegetable oil prices were mixed on Monday as overnight weakness in crude oil weighed on palm oil prices. However, crude oil rallied sharply during U.S. trading hours to reverse an early decline in soybean oil futures. Crude oil futures rallied as in some of the states experiencing a resurgence in the coronavirus pandemic, the acceleration in the number of new cases slowed. It is difficult to know whether the data released Monday represents a real change in the trend or is simply due to the well-known lag in reporting that has typically occurred on Sunday. Data on Tuesday should settle the issue and guide the direction of crude oil and vegetable oil prices in the coming weeks.

Soybean oil futures gained 1 1/2 percent or less (July contract +42 basis points per pound) as a late-session sell-off limited the advance. Buying at the…

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Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

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06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

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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...

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