Soybean Oil Futures End Down, Off Lows after Neutral WASDE

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Soybean Oil Futures End Down, Off Lows after Neutral WASDE

Alexandra Watts | 03.08.2024

U.S. soybean oil futures ended down, but losses were somewhat pared ahead of the closing bell following another bearish to neutral monthly supply and demand report for soybean oil. Following a whipsaw session, the most actively traded soybean oil futures contract (May) on the CME closed above 46.00 cents per pound, at 46.17 cents per pound. This was down 18 basis points per pound, or 0.4 percent.

USDA's March World Agricultural Supply and Demand Estimates (WASDE) released on Friday showed a few marginal ...

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NH Drops Organic Certification Program

NH Drops Organic Certification Program

The organic certifying body in New Hampshire has announced they will terminate...

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Minnesota Begins New Enforcement Program

Minnesota Begins New Enforcement Program

Until this week, Minnesota regulators only suspected businesses of selling high THC...

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Biodiesel Import Wave Continues

Biodiesel Import Wave Continues

January biodiesel imports of 50.7 million gallons were six percent above the 47.7 million gallons imported during December and...

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UCO and Yellow Grease Trade Higher into the US Gulf Market

UCO and Yellow Grease Trade Higher into the US Gulf Market

Used cooking oil (UCO) prices were higher today into the Gulf market at 39.5 – 41.5 cts/lb delivered. A...

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Animal Proteins

Animal Proteins

**Please note - Chloe Krimmel is out of the office until Monday, March 11. In her absence please contact...

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‘Hangover mood’ from low HVO demand pushes European animal fats prices down

‘Hangover mood’ from low HVO demand pushes European animal fats prices down

Used cooking oil (UCO) traded in a range of $940-945/mt CIF Amsterdam, Rotterdam, Antwerp, Ghent (ARAG) for delivery in...

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Soybean Export Sales Surge, Exceeding Expectations

Soybean Export Sales Surge, Exceeding Expectations

Most CME grain prices were higher on Thursday. The only grain market with a loss was May wheat, which...

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USDA Hide and Wet Blue Sales Remain Strong

USDA Hide and Wet Blue Sales Remain Strong

Notice

Lexi Watts out of Office March 8

Lexi Watts will be out of the office Friday, March 8. She will...

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04.15.2024

Soybean oil stocks climb as soybean crush reaches record high

Soybean oil stocks climb as soybean crush reaches record high

The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...

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04.15.2024

Soybean oil market adds negative pressure to DCO market

Soybean oil market adds negative pressure to DCO market

Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day. 

The lower...

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04.15.2024

Hog slaughter forecast lower into May

Hog slaughter forecast lower into May

Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.

For the week ending April 20, 2024, hog...

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