US cash soybean oil market still stalled amid policy, tax uncertainty

US cash soybean oil market still stalled amid policy, tax uncertainty

As US soybean oil futures prices rebounded on Thursday January 23 following a sharp sell-off at midweek, cash trading at the US vegetable oil market remained stalled.

The nearby basis on US interior and Gulf Coast crude-degummed and refined, bleached, deodorized soybean oil was still under pressure amid thin activity this week, with many market sources away from their offices attending the Clean Fuels Conference in San Diego, California.

The market appears to be stuck in “limbo,” waiting for additional direction from the administration of President Donald Trump not only on US import tariffs, but also on domestic biofuels policy and tax credits.

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

01.24.2025

Renderer BFT trades higher to close out the week

Renderer BFT trades higher to close out the week

Renderer grade bleachable fancy tallow (BFT) traded up to 50 cents per lb Chicago on Friday January 24 in a five-car trade.

Prices into the Gulf were higher as well,...

01.24.2025

US animal protein market steady ahead of IPPE

US animal protein market steady ahead of IPPE

The US animal protein market was quiet on Friday January 24, with most buyers and sellers saying that they were taking a trading pause ahead of the International Production...

01.24.2025

Sausage casings bulletin, January 24, 2025

Sausage casings bulletin, January 24, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is...

Latest Tweets