Vegetable Oils Prices Jump on Bullish Fundamental Data

Vegetable Oils Prices Jump on Bullish Fundamental Data

Vegetable Oils Prices Jump on Bullish Fundamental Data

Vegetable oil prices jumped sharply on Monday as bullish fundamental data for palm oil exports and soybean oil usage in biofuel production combined with a rally on the Dalian exchange to trigger buying. Once again, crude oil futures rallied during U.S. trading hours, after trading lower for most of the overnight session.

Soybean oil futures rose as much as 2 1/2 percent (September contract +75 basis points per pound) to settle at a post-pandemic crash high. Selling above…

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

05.13.2024

US glycerin prices mostly steady amid increasing biodiesel production

US glycerin prices mostly steady amid increasing biodiesel production

Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...

05.13.2024

Weekly cattle slaughter forecast to remain below 2023 levels into June

Weekly cattle slaughter forecast to remain below 2023 levels into June

US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.

05.13.2024

Six-week hog slaughter forecast to be flat or up from 2023

Six-week hog slaughter forecast to be flat or up from 2023

US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.

Latest Tweets