Soy Complex Weakness Drives Soybean Oil Prices Lower
Soybean oil prices fell on Thursday as disappointing export sales data and selling across the soybean complex triggered long oil share liquidation by the funds. With weakness on the Dalian exchange and without the support of the Malaysian market, which was closed in observance of a national holiday, traders were free to push prices sharply lower in the overnight session. The overnight decline extended the selling from the high set just after the opening of U.S. trading on Wednesday and drove prices almost 2 1/2 percent lower before the market set the low for the day, just after the U.S. opening on Thursday.
Prices moved higher shortly after the U.S. opening but traded sideways for most of the…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...