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Edible Oil Prices Rally, Soy Oil Gains Pared by Late Profit Taking

The Jacobsen | 07.29.2021 | Jacobsen

On Thursday, edible oil prices moved sharply higher, as bargain-hunting boosted palm oil and fund oil/meal spreading again lifted soy oil futures before profit-taking ahead of the close pared gains in the latter.

The soybean oil market also priced in the latest Weekly Export Sales Report released early by the United States Department of Agriculture (USDA), which showed net sales of 2,200 tonnes for the week ending July 22, up from 700 tonnes a week earlier. Increases were reported for Canada (1,300 tonnes) and Mexico (900 tonnes).

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Weekly exports of 1,200 tonnes fell 58 percent from the prior week and were down 48 percent from the four-week average. Export destinations were Mexico (900 tonnes) and Canada (300…

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06.27.2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

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06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

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Exchange rate: EUR/USD — $1.153

Resale European hog runner:
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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

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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Edible Oil Prices Rally, Soy Oil Gains Pared by Late Profit Taking

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