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Blog

Soybean Oil Futures End Higher as Meal Rallies

Alexandra Watts | 11.13.2023

U.S. soybean oil prices ended slightly higher on Monday, alongside gains in crude oil markets and a rally in soybean meal futures. Meal futures hit lock limit-up, with several contracts, including December and January, hitting record highs due to worries that hot weather and dryness in Brazil will negatively impact the country's crop.

On the CME in Chicago, product spreading kept a lid on soybean oil markets. The benchmark soy oil futures contract (December) crossed below 50 cents per pound briefly but recovered and...

Organic Soybean Markets Flat

Organic soybean prices remain depressed....

Weekly Hemp Recap

Last Week's Hemp Commentary

Panda Biotech Lands Extension for Municipal Funding

Chevron Wraps Up RD Conversion of Hydrotreater at El Segundo Refinery

*Please Note – Bob Lane was out of the office today and will return on Monday, November 13, 2023.

Chevron...

Limited Trading Leads to Mostly Flat Market Week-on-Week

Three cars of packer BFT traded down to 50 cts/lb Chicago today, and UCO traded lower out of the...

Animal Protein Market Trends Lower Despite Soybean Meal Strength

Please note – Chloe Krimmel was out of the office on Friday and will return on Monday, November 13th....

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Sausage Casings Bulletin November 10th, 2023

Runner Market Commentary
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Grain Export Sales Rise Week-on-Week

Most CME grain prices had a downward trend on Friday. The only grain with an increase was January soybeans,...

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Hide Prices Soften This Week

The week wrapped up trading on a softer tone. Several selections of steer and cow hides decreased in price...

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