**Please note, The Jacobsen will not publish a bulletin on Thursday and Friday in observance of the Thanksgiving holiday. A price update will be published on Friday without commentary.**
Physical trading for vegetable oils slowed to a crawl on Wednesday ahead of the upcoming Thanksgiving holiday in the U.S. Global futures ended mixed in thin pre-holiday trade.
Soybean oil futures were lower, in tandem with crumbling crude oil markets that were under pressure on news that OPEC+ producers decided to delay, until November 30, a production meeting that had been set for this weekend. Ahead of the closing bell, losses in soy oil were trimmed to a degree, but December soybean oil futures still finished down 59 basis points per pound, or 1.1 percent, at 53.60 cents per pound. January soybean oil futures closed the session at 52.71 cents per pound, down 72 basis points per pound, or 1.4 percent.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...