LA Canola Oil Cash Basis Bumps Up after Soy Oil Tumbles

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LA Canola Oil Cash Basis Bumps Up after Soy Oil Tumbles

The Jacobsen | 05.24.2023

Cash basis on canola oil edged up last week, as soybean oil futures collapsed to multi-year lows below 48 cents per pound. As a result, LA canola oil values crossed below 70 cents per pound to levels not seen in more than two years.

Canola oil basis has been ticking higher recently, supported by rising U.S. vegetable oil demand, as well as concerns about delayed canola seed planting in Canada. The spread between canola oil in LA and RBD soybean oil in central Illinois tightened...

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Organic Corn Prices Remain Stable as Activity Begins to Pick Up

Organic Corn Prices Remain Stable as Activity Begins to Pick Up

 

Organic corn activity is beginning to pick up slightly in the Midwest. There are a range of prices we...

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Lack of Expertise in Cannabis Creates Lobbying Opportunities

Lack of Expertise in Cannabis Creates Lobbying Opportunities

The lack of expertise in hemp issues among legislators and key staff opens a unique window for hemp stakeholders. ...

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Canada’s Clean Fuel Standard Begins July 1

Canada’s Clean Fuel Standard Begins July 1

 

Canada's Clean Fuel Standard

The Canadian Clean Fuel Standard (CFS), part of the Clean Fuel Regulations (CFR) under the Canadian...

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DCO Prices Climb Despite Sinking SBO Market

DCO Prices Climb Despite Sinking SBO Market

The market was fairly quiet today with not a lot of action reported. Choice white grease did trade lower...

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Pasture and Range Conditions Well Above 2022 Season

Pasture and Range Conditions Well Above 2022 Season

Wide ranges were indicated on the poultry-by pet grade and chicken meal markets for Tuesday, as participants report a...

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Soybean and Corn Planting Remain Well-Above 2022 Pace

Soybean and Corn Planting Remain Well-Above 2022 Pace

Market Update

Corn gluten items had limited confirmed trades for Tuesday. A lower CIF NOLA, MW barge, and MW rail...

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Heavy Native Steers Steady, But Under Price Pressure

Heavy Native Steers Steady, But Under Price Pressure

Sellers put together offer lists today with asking levels close to steady with the last traded levels on most...

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Midwest RBD Bean Oil Basis Moves Up Again

Midwest RBD Bean Oil Basis Moves Up Again

Basis on crude-degummed and refined, bleached, and deoderized (RBD) soybean oil was holding strong early this week. With positions...

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10.18.2024

RIN prices fall week on week despite lower reported US biodiesel output

RIN prices fall week on week despite lower reported US biodiesel output

Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...

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10.18.2024

US DCO prices decrease amid quiet trade week

US DCO prices decrease amid quiet trade week

US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...

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10.18.2024

Lackluster trade volume keeps weekly US animal proteins prices mostly steady

Lackluster trade volume keeps weekly US animal proteins prices mostly steady

US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.

Several market participants told Fastmarkets it was a...

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