Soybean oil prices remain depressed heading into new year

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Soybean oil prices remain depressed heading into new year

Alexandra Watts | 12.24.2024

Cash markets for US vegetable oils slowed to a halt on Tuesday December 24, with the majority of traders and sources away from their desks for the Christmas holiday.

Heading into the tail end of the year, basis indications on interior US soybean oil — both crude-degummed and refined, bleached and deodorized — remained depressed due to continued sluggishness in demand from the domestic biofuel sector.

In the final quarter of 2024, the market has been trying to gauge 2025 demand for soybean...

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Sausage casings bulletin, December 20, 2024

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US grain futures close strong ahead of weekend

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Most grain prices on the Chicago Mercantile Exchange rose on Friday December 20. The January soybean futures contract jumped...

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By the end of the week ended Friday December 20, several sellers in the US hides market reported a...

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Spot vegetable oil markets quiet, depressed amid 45Z uncertainty

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US spot prices for vegetable oils closed the week on a quiet and depressed note on Friday December 20.

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The key driver for organic corn and soybean consumption in the US is organic poultry production. As noted in last...

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