Palm Oil Extends Gains; SBO Continues to Slide

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Palm Oil Extends Gains; SBO Continues to Slide

The Jacobsen | 05.09.2023

Palm oil futures extended higher on Tuesday, with indications of stronger May exports and worries of tightening stocks underpinning modest price gains by the end of the day. Conversely, U.S. soybean oil prices declined for a second day this week thanks to early weakness in crude oil markets and rapid planting progress in the U.S. Midwest.

As of the week ending May 7, 35 percent of the U.S. soybean crop was planted, according to the USDA's Crop Progress Report issued on Monday afternoon. This rate was up...

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Organic Soybean Meal Imports Slip

Organic Soybean Meal Imports Slip

 

Organic soybean meal prices are experiencing light liquidity and have a wide bid-offer spread with little activity that has...

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Like the U.S., Europe Continues to Grapple with Cannabis Extracts

Like the U.S., Europe Continues to Grapple with Cannabis Extracts

The regulatory status of cannabinoids in the EU is just as much a free-for-all as it is in the...

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Q1 2023 Biodiesel Imports Reach All-Time High

Q1 2023 Biodiesel Imports Reach All-Time High

 

Biodiesel Imports and Exports Grow in March

U.S. biodiesel imports set a new first quarter record of 121.6 million gallons. ...

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Hog Slaughter Projected Lower Through Holiday Break

Hog Slaughter Projected Lower Through Holiday Break

Hog slaughter finished last week at an estimated 2.447 million head, the highest weekly figure since the week ending...

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Low Cattle Weights Diminish 2023 Production Levels More

Low Cattle Weights Diminish 2023 Production Levels More

Limited trade was reported for the start of the week with most participants testing values or monitoring CME prices,...

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Year-To-Date Grain Inspected Exports Well Below 2021/22 Season

Year-To-Date Grain Inspected Exports Well Below 2021/22 Season

Market Update

Pressure on DGS has been indicated at the start of the week, though most have reported actual trade...

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Discounted Hide Trading to China Over Weekend

Discounted Hide Trading to China Over Weekend

Trading was minimal to start the week, but sellers did hear rumors of steers trading in decent volumes to...

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RBD SBO Basis Firms Again; Palm Oil Futures Surge

RBD SBO Basis Firms Again; Palm Oil Futures Surge

Cash basis on refined (RBD) soybean oil in Illinois continued to firm on Monday, moving up to 13 cents...

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03.07.2025

Sausage casings bulletin, March 7, 2025

Sausage casings bulletin, March 7, 2025

Runner market commentary
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03.03.2025

EASA releases EU SAF mandate penalty reference prices

EASA releases EU SAF mandate penalty reference prices

The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...

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03.03.2025

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.

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