Oil/Meal Spreading Lifts SBO Markets off Early Losses

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Oil/Meal Spreading Lifts SBO Markets off Early Losses

Global vegetable oil prices ended mixed on Tuesday. Palm oil futures gave back initial gains, closing lower overnight. Profit-taking amid forecasts for rain the Midwest initially tugged soybean oil futures markets lower before oil/meal spreading by funds later lifted prices. On the CME, nearby July soybean oil futures settled at 60.55 cents per pound, up 104 basis points per pound or 1.75 percent. The August contract was up 90 basis points per pound, or 1.55 percent, at the close to 58.90 cents per pound.

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Black Sea Organic Soybean Export Volume Grows

Black Sea Organic Soybean Export Volume Grows

Organic soybean and soybean meal imports continue to flood into the US. ...

New Tool for Floral Hemp Producers

New Tool for Floral Hemp Producers

2019 saw an unprecedented spike in demand for laboratory equipment for growers...

RVO Gallon Projections Slipping From EPA Final Rule Estimate

RVO Gallon Projections Slipping From EPA Final Rule Estimate

 
RVO Gallon Projections Slipping From EPA Final Rule Estimate

The Environmental Protection Agency (EPA) announced the final...

Cattle Slaughter Seen Dropping during July 4th Holiday

Cattle Slaughter Seen Dropping during July 4th Holiday

*Please Note – Ryan Standard will be out of the office until July 10, 2023. Please contact Amanda Luhavalja...

Cattle on Feed Remains Under Year Ago Levels; Hog Slaughter Update

Cattle on Feed Remains Under Year Ago Levels; Hog Slaughter Update

Light trade was indicated to start the week, typical for Monday. For week ending July 1st, 2023, hog slaughter...

Weekly Soybean Crush Margins Drop 37% WOW

Weekly Soybean Crush Margins Drop 37% WOW

Market Update

DDGS prices saw mixed results, ultimately increasing for the day because of...

Cattle Slaughter Forecasted to Drop Week of 4th of July

Cattle Slaughter Forecasted to Drop Week of 4th of July

Trading was active following the weekend with steers trading steady to last traded levels and branded heifers trading $1...

Weather Worries Goose Edible Oil Prices Higher

Weather Worries Goose Edible Oil Prices Higher

World edible oil markets were higher on Monday, as worries over El Nino and dry weather conditions in the...

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07.25.2024

DGD financial outlook improves despite lower Q2 margins

DGD financial outlook improves despite lower Q2 margins

US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...

07.25.2024

US Gulf tallow prices boosted by limited spot supply, strong Chicago market

US Gulf tallow prices boosted by limited spot supply, strong Chicago market

Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.

07.25.2024

Animal protein values flat; June poultry slaughter below traditional trends

Animal protein values flat; June poultry slaughter below traditional trends

US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.

US broiler slaughter
Fastmarkets' research team...

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