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Blog

Drop in Crude Oil, Bearish Weather Outlook Sink Veg Oil Prices

Alexandra Watts | 08.07.2023

World edible oil prices moved lower on Monday, as weakness in energy markets and forecasts for moderate weather conditions through the end of August triggered a round of technical selling in palm oil and soybean oil futures. Following rain this past weekend, updated NOAA outlooks called for above normal chances for additional precipitation through the end of August for the Midwest Corn Belt. During this period, average to below-average temperatures are eyed for the region.

Peak pod development takes place in August. As of...

Survey Outlines Consumers’ Organic Chicken Purchasing Behavior

Demand for organic products remains solid, despite the availability of...

Weekly Hemp Recap

Last Week’s Hemp Commentary

Refiners Challenge Denial of 26 Small-Refinery Exemptions

*Please Note – Bob Lane will be out of the office until August 8, 2023. Please contact...

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Animal Fat Prices Continue to Trend Higher

Trading finished the week on a relatively quiet note with one car of tech tallow traded up a penny...

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Mostly Flat Week-on-Week Price Changes

A quiet tone was reported from participants this week. Most values were flat week-on-week with the exception of a...

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Sausage Casings Bulletin August 4th, 2023

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Corn Gluten Products Face Ongoing Logistics Challenges

Grain and feed items had a quiet trading week, which was anticipated as...

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Light-Weight Heavy Native Steers Trade Higher

Hide demand slowed over the course of the week for buyers in footwear, upholstery, and handbag tanning. Automotive tanners...

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04.25.2025

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