Corn Oil, Sunflower Oil Cash Markets Step Lower

Corn Oil, Sunflower Oil Cash Markets Step Lower

Cash market indications for corn oil, both crude and refined, and sunflower oil continued to step lower this week. Diminished demand for edible oils from the biofuels and non-biofuel industries, like the food sector, has been weighing on feedstock prices, which are down sharply on the year. Crude corn oil in the Midwest was assessed most recently in a range in the high 50 cents per pound. Refined corn oil values were indicated in the low 70 cts/lb. Since the beginning of this year, crude corn oil prices are down 10 cts/lb, or about 15 percent, and refined corn oil values are down 38 cts/lb, or 35 percent.
 
Figure 1.

Membership required to view content.

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

05.20.2024

Strong feed demand boosts choice white grease market

Strong feed demand boosts choice white grease market

Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...

05.20.2024

Lower cattle herd expectations signal tightening cattle products

Lower cattle herd expectations signal tightening cattle products

US animal proteins were steady on Monday May 20, with limited trade reported and most testing the pre-holiday market.

US cattle slaughter and CME cattle futures
Fastmarkets’ research...

05.20.2024

Central Illinois soybean crush margins rebound from previous low

Central Illinois soybean crush margins rebound from previous low

Chicago Mercantile Exchange (CME) grain prices shifted higher across the board on Monday May 20.

The July soybean futures contract increased by 20 cents per bushel to settle...

Latest Tweets