Domestic Organic Crush Capacity Expands
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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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 as well as expectations for higher production. Leaking lower on bearish fundamental and technical factors, soybean oil futures crumbled below 48 cents per pound on Tuesday. On the CME, the most widely traded soybean oil futures contract (July) ended at 47.45 cents per pound, down a whopping 224 basis points per pound, or 4.5 percent.
Rapid planting progress in the U.S. corn belt helped to weig...
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