Cash, Futures Veg Oils Markets Weighed Down

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Cash, Futures Veg Oils Markets Weighed Down

Alexandra Watts | 10.24.2023

Spot market trading was sluggish on Tuesday due to weak margins and talk of a slowdown in U.S. renewable diesel production due to upcoming plant downtime. Renewable Identification Numbers (RINs) also dropped again on Monday. Crude corn oil indications in the Midwest were reported in a range from the mid- to upper 50 cts/lb.

"RBD soybean oil is definitely under some pressure, but it feels like we’ve found a floor," said one trader. Demand from the foo...

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2023 Weather Hastens Crop Maturity and Harvest

2023 Weather Hastens Crop Maturity and Harvest

For many producers in the Midwest, the harvest has progressed rapidly this...

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Industrial Hemp Act of 2023

Industrial Hemp Act of 2023

Industrial hemp stakeholders are eager to distance themselves from the floral/cannabinoid segments...

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Cattle Slaughter Forecast to Increase Ahead of Holiday Break

Cattle Slaughter Forecast to Increase Ahead of Holiday Break

Two cars of technical tallow traded at 63.5 cts/lb Chicago today. The BFT and max 20 ffa markets were...

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Cattle Slaughter Remains below 2022 into Thanksgiving

Cattle Slaughter Remains below 2022 into Thanksgiving

Light trade was reported at the start of the week on animal proteins, with most participants testing market values...

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Soybean Meal Prices Begin to Bounce Back

Soybean Meal Prices Begin to Bounce Back

Sources reported trades for DDGS; Minnesota/Dakotas, Channahon, IL, and Illinois all saw a slight increase in price ranges. Market...

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Cattle Slaughter Forecast to Track Below 2022

Cattle Slaughter Forecast to Track Below 2022

Hide sellers reported minimal trading activity over the weekend while leather makers continue to indicate there is little leather...

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Soybean Oil Cash Basis Declines in Illinois, Gulf

Soybean Oil Cash Basis Declines in Illinois, Gulf

At the cash market, indications for soybean oil were lower at the Gulf Coast and central Illinois. Gulf crude-degummed...

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Stabilizing Food Prices Drive Organic Spending

Stabilizing Food Prices Drive Organic Spending

While food prices are not moving lower, the acceleration...

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