Inflation Fears and Technical Buying Drive Soy Oil Higher

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Inflation Fears and Technical Buying Drive Soy Oil Higher

Tore Alden | 04.14.2021

Inflation Fears and Technical Buying Drive Soy Oil Higher

Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil futures were modestly higher, but the nearby contract fell by one percent in cash-driven trading. A combination of inflation hedging flows, and follow-through technically-driven buying drove the gains during U.S. trading hours. However, strength in oilseed complex futures on the Dalian exchange may have also contributed to the bullish tone.

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Apparel & Leather Goods Supply Chain Complications Persist

Apparel & Leather Goods Supply Chain Complications Persist

The Federal Reserve Economic Data (FRED) for the US industrial production index for apparel and leather goods was 62.6...

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Disease Resistant Hemp Requires Research and Time

Disease Resistant Hemp Requires Research and Time

Cannabis selection has occured over thousands of years, for the intoxicating resin or fibrous characteristics.  Selection was retarded in much...

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Early Crop Planting Progress Ahead of Schedule

Early Crop Planting Progress Ahead of Schedule

 

Soil Moisture an Issue Across much of The Great Plains States

Spring planting is accelerating.  Corn growing states have...

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Organic Turkey Slaughter Trends Higher

Organic Turkey Slaughter Trends Higher

The organic wheat market seems buoyed, but activity is light. Prices in Pennsylvania have increased above organic corn and...

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Fats, Oils, & Fuels Webinar 4/13/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/13/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from...

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Impact of New Agency Leadership on Hemp Remains Unclear

Impact of New Agency Leadership on Hemp Remains Unclear

Hemp stakeholders have yet to discover the scope of engagement between various federal agencies and the hemp industry.  Yesterday’s Hemp Bulletin commentary...

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China’s Export Appetite Slowed Last Week

China’s Export Appetite Slowed Last Week

Weekly soybean export sales for the 2020/21 marketing year of negative 92.5 thousand metric tons (TMT) were noticeably below...

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Organic Soybean Meal Prices Face Additional Hurdles

Organic Soybean Meal Prices Face Additional Hurdles

The focus in the market remains on organic soybean prices and organic soybean meal prices. Prices remain elevated, and...

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Runner market commentary
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EASA releases EU SAF mandate penalty reference prices

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

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