SBO, Palm Oil Futures Sink on Profit-Taking

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SBO, Palm Oil Futures Sink on Profit-Taking

Alexandra Watts | 10.17.2023

Trading at cash vegetable oil markets slowed to a crawl on Tuesday, with many participants attending the annual American Fats and Oils Association Conference in Nashville.

U.S. soybean oil futures moved lower on Tuesday on profit-taking, a downward correction in oil share, and weaker crude oil markets. Ongoing soybean harvest progress also pressured the soybean markets today. The benchmark soybean oil futures contract on the CME ended at 5.35 cents per pound, down 55 basis points per pound, or almost one percent.

In its...

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Honeywell, GranBio Partner to Produce SAF

Honeywell, GranBio Partner to Produce SAF

*Please Note – Bob Lane was out of the office today and will return on Monday, October 16, 2023.

U.S.-based...

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RIN Prices Push Fats Market to Near Historic Losses

RIN Prices Push Fats Market to Near Historic Losses

Three cars of renderer BFT traded down to 59 cts/lb Chicago today, following the lower trading for packer BFT...

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Animal Proteins Prices Mixed, Soybean Meal Rebounds Post WASDE

Animal Proteins Prices Mixed, Soybean Meal Rebounds Post WASDE

Trading was mostly quiet today, but there was trading done for feathermeal out of the Minnesota market at lower...

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Sausage Casings Bulletin October 13th, 2023

Sausage Casings Bulletin October 13th, 2023

Runner Market Commentary

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Wheat Export Sales Hit MY High, Exceeding Expectations

Wheat Export Sales Hit MY High, Exceeding Expectations

Most CME grain prices witnessed a downward trend on Friday. The only grain that experienced an increase was December...

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Shoe Tanners Expand into Other Leather Markets to Stay in Business

Shoe Tanners Expand into Other Leather Markets to Stay in Business

The US hide market wrapped up the week with trading done at steady price levels with yesterday's close. Packers...

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Vegetable Oil Futures Rebound on Buying

Vegetable Oil Futures Rebound on Buying

Cash indications for vegetable oils closed the week with a whimper. Traders attributed the quiet market tone to soft...

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Organic Chicken Slaughter Picks up in October

Organic Chicken Slaughter Picks up in October

Organic chicken slaughter is rebounding as seasonal consumption prompts an increase in...

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09.06.2024

Signs of US economic downturn send ULSD prices to 3-year low

Signs of US economic downturn send ULSD prices to 3-year low

Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...

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09.06.2024

US fat market slides on pressure from soybean oil, energy complex

US fat market slides on pressure from soybean oil, energy complex

Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...

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09.06.2024

Sluggish trade volume keeps weekly animal protein prices flat

Sluggish trade volume keeps weekly animal protein prices flat

US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.

Weekly wrap-up
Prices for US animal proteins were little...

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