Cattle Slaughter Forecasted Steady in Upcoming Weeks
Despite reports of resistance to higher offers, steer selections traded at higher prices today. Today, there were multiple packer...
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May Soybean Oil Contract Locked Limit-Up on Fund Spreading
May Soybean Oil Contract Locked Limit-Up on Fund Spreading
Vegetable oil prices were sharply higher on Monday as higher palm oil prices triggered oil/meal spreading during the U.S. session that left the nearby soybean oil contract locked limit-up. Cargo surveyor data indicating palm oil shipments during the first 20 days of March rose more than five percent from the same period in February, drove the buying in palm oil. However, soybean oil futures were lower heading into the U.S. session. Early...
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