Cash market indications for corn oil and sunflower oil extended lower this week. Overall lackluster vegetable oil demand from the biofuels and non-biofuel sectors has led to a collapse in market prices. Midwest crude corn oil indications dropped to a level in the mid-50s cts/lb. Crude corn oil values have lost about 10 percent since the same period in 2023.
Sunflower oil prices in Minnesota/North Dakota moved down 100 basis points this week, from 74 cts/lb to 73 cts/lb. On the year, sunflower oil prices have fallen 45 cts/lb, or more than 38 percent, in value.
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