Global Vegetable Oil Futures End Higher

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Global Vegetable Oil Futures End Higher

Alexandra Watts | 01.23.2024

Cash markets were still sluggish on Tuesday, with prices ranges again flat to marginally changed on the session. Demand for edible oils, including soybean oil, in the physical market has been depressed since the final quarter of 2023, particularly from the renewable diesel (RD) industry. Overall domestic soybean oil consumption dropped 12 percent in October 2023, from 1.21 billion pounds to 1.06 billion pounds. This was the largest monthly drop in consumption since January 2022. Consumption from the RD sector was down 29 percent in...

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Room for Optimism in Organic Feed Markets

Room for Optimism in Organic Feed Markets

Some organic traders are feeling optimistic about organic feed markets.  Overall economic...

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USDA Hemp Survey Launches

USDA Hemp Survey Launches

The USDA’s National Hemp Survey is live for 2024, facilitated by the...

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Refined Glycerin Prices Expected Rise

Refined Glycerin Prices Expected Rise

The phrase “a rising tide lifts all boats” is a metaphorical expression implying one general outcome tends to impact...

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Cattle Slaughter Levels Normalize after Holiday, Weather Interruptions

Cattle Slaughter Levels Normalize after Holiday, Weather Interruptions

The market was very quiet today with no changes reported. March soybean oil futures were up 1.26 cts/lb on...

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February Forecast Calls for Slower Hog Harvest

February Forecast Calls for Slower Hog Harvest

Trading was quiet today to start the week. Soybean futures moved lower on spreading dynamics tied to a jump...

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Soybean Prices in Central Illinois Continue to Drop

Soybean Prices in Central Illinois Continue to Drop

DDGS prices have increased in the Iowa market while other values remained steady on Monday. Market participants have...

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Low-End Footwear Tanners Increase Demand for South American Leathers

Low-End Footwear Tanners Increase Demand for South American Leathers

The week started off with minimal hide trading the in US market. Several sellers reported most of their price...

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Listless Cash Veg Oil Markets Continue

Listless Cash Veg Oil Markets Continue

Physical vegetable oil markets opened the week in slightly mixed but overall sluggish fashion. Prices were flat to slightly...

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