US cash vegetable oil markets were sluggish on Monday July 15. Most eyes were glued to soybean oil futures in Chicago, which ended lower following a volatile session; prices plummeted early in the day before losses were pared.
On the Chicago Mercantile Exchange, August soybean oil futures closed at $0.4642 per lb on Monday, down by 23 basis points per lb, or 0.5%, from $0.4665 per lb on Friday July 12.
Soybean oil futures initially sold off sharply after the weekend’s failed assassination attempt against former US President Donald Trump. The shooting increased market speculation that Trump could win another term following the November US presidential election.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...