Rapid Planting, Black Sea Extension Crush SBO Prices Further

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Rapid Planting, Black Sea Extension Crush SBO Prices Further

The Jacobsen | 05.17.2023

Vegetable oil prices continued to sell off on Wednesday, with funds taking profits and liquidating long positions, particularly in soybean oil. The pressure was exacerbated by reports that Russia has agreed to an extension of the Black Sea grain export deal. This came just a day before the Russian deadline for renewing the previous agreement on May 18.

Rapid soybean planting in the U.S. Midwest also weighed on soybean prices again at midweek. In Chicago, the benchmark soybean oil futures contract for July delivery continued...

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The Jacobsen Biofuel Conference Sees Record Attendance

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Quick Planting Paces Diminish CME Grains

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Hide Buyers Anticipate More Leather Orders in Summer

Hide Buyers Anticipate More Leather Orders in Summer

Another quiet day of hide trading, but interest is expected to come after packers release offer lists tonight. The...

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Soybean Oil Futures Plunge Below 48 Cents Per Pound

Soybean Oil Futures Plunge Below 48 Cents Per Pound

Edible oil futures prices were lower on Tuesday. Palm oil markets fell overnight alongside weakness in rival vegetable oils...

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Domestic Organic Crush Capacity Expands

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Crush capacity is expanding for Majestic Milling Company in Aurora, Missouri.  Last September, Majestic added three new 150,000-bushel bins...

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Biodiesel Margins Narrow on Lower B100 Price & Rising Feedstock Cost

Biodiesel Margins Narrow on Lower B100 Price & Rising Feedstock Cost

 

RBD Soybean Oil Trading at 11-Cent Premium to Crude Degummed, 17-Week High

Biodiesel prices continue to drift lower, reaching lows...

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