05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
**The Jacobsen will not publish a Vegetable Oil Bulletin on Friday, December 24 in observance of the Christmas holiday. We will resume our normal publication schedule on Monday, December 27.**
Edible Oil Prices Advance before Christmas Holiday
Global vegetable oil prices ended higher for a third straight session on Thursday thanks to position adjustment ahead of the U.S. Christmas holiday. Expectations for lower production from Malaysia, gains in crude oil prices, and light fund oil/meal spreading supported the uptick in palm and soybean oil prices. The U.S. markets will be closed on December 24 in observance of the holiday.
In Chicago, benchmark soybean oil futures shrugged off early losses and ended more than one percent higher (January 2022 contract +61 basis points per pound). Contracts at the back end of the forward curve rose about 0.6 percent to one percent (October 2022 contract +34…