Vaccine Driven Soybean Oil Rally Reverses at Critical Level

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Vaccine Driven Soybean Oil Rally Reverses at Critical Level

Tore Alden | 11.09.2020

World vegetable oil futures rose on Monday following positive news about the development of a coronavirus vaccine. However, soybean oil prices were unable to hold overnight gains and settled only modestly higher. Palm oil prices did settle near the high of the day, driving the spread between the January soybean oil and palm oil contracts just below parity (palm oil slightly more valuable than soybean oil). Despite the decline in the spread, it still settled just ...

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Vegetable Oil Price Rally Stalls Ahead of Key Reports

Vegetable Oil Price Rally Stalls Ahead of Key Reports

Profit-taking drove vegetable oil prices lower on Friday, but the declines were modest in relation to the sharp moves...

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Leveraging Resources for Industry Development

Leveraging Resources for Industry Development

Hemp has begun tapping into national, regional, and state agricultural resources that ultimately will help shape the course of...

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Glycerin Prices Pause, Expected to Continue Higher

Glycerin Prices Pause, Expected to Continue Higher

The crude and refined markets both appeared to bottom recently during the pandemic. Export values for both products...

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Leather Demand Driving Hide Prices Higher

Leather Demand Driving Hide Prices Higher

The US hide prices continue to increase with strong leather demand driving the rally. Today, the light-weight heavy native...

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LCFS Credit Volume Falls to 25-Week Low

LCFS Credit Volume Falls to 25-Week Low

Weekly LCFS credit volume of 52,297 was 86 percent below the average weekly credit volume for the year and...

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Organic Soybean Imports Rise More than Expected

Organic Soybean Imports Rise More than Expected

Organic soybean prices remain steady as imports rose more than expected in September according to the most recent data...

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The Big Winner: Cannabis

The Big Winner: Cannabis

By now, readers may have discovered the biggest winner in yesterday’s elections: cannabis.  Every ballot initiative in the US succeeded...

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DCO Prices Steady, Production Increases

DCO Prices Steady, Production Increases

Chicago choice white grease prices are up on six cars that traded higher through the Chicago market today. Truck...

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The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

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US animal fats and oils end week softer across the board ahead of holiday slowdown

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December cattle on feed down on month, year

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The only significant price...

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