Corn, sunflower oil, cottonseed oil prices higher on week; canola oil eases

Corn, sunflower oil, cottonseed oil prices higher on week; canola oil eases

At the physical market, prices for US vegetable oils were slightly mixed in the week to Monday November 11.

Corn oil, sunflower oil and cottonseed oil prices increased following a rally in benchmark US soybean oil futures last week.

Fastmarkets assessed sunflower oil, refined, bleached and deodorized (RBD), Minnesota/North Dakota at $0.7800 per lb on Monday, up from $0.7600 per lb the week before.

Fastmarkets assessed cottonseed oil, PBSY, fob Mississippi Valley for nearby delivery at $0.5300 per lb on Monday, up from $0.5200 per lb a week earlier.

Basis indications for canola oil eased slightly last week, down from a premium of 10.5 cents per lb above the benchmark soybean oil futures contract in Chicago to a premium of 10.0 cents per lb.

Fastmarkets assessed canola oil, RBD, fob Los Angeles at $0.5814 per lb on Monday, down from $0.5877 per lb in the session prior.

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

11.12.2024

Glycerin prices seen supported by declining biodiesel margins

Glycerin prices seen supported by declining biodiesel margins

Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....

11.12.2024

Animal fats and oils prices stable amid losses in vegoil markets

Animal fats and oils prices stable amid losses in vegoil markets

"I think the big drop in soybean oil had everyone take a pause,” one source said.

December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...

11.12.2024

Meat and bonemeal, bloodmeal higher on active demand

Meat and bonemeal, bloodmeal higher on active demand

Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.

Porcine meat and bonemeal prices were steady to higher according to sources...

Latest Tweets