International animal proteins steady to lower for week to October 10, 2024
Prices in the international animal proteins market were steady to lower in the week to Thursday October 10.
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US soybean oil cash basis levels remain depressed through end of year: sources
The cash vegetable oil market remained sluggish heading into the second half of October. Soybean oil basis indications were still depressed, particularly for crude-degummed soybean oil in central Illinois.
On Thursday October 10, basis offers for soybean oil, crude-degummed, FOB central Illinois were heard as low as even to the benchmark December soybean oil futures contract in Chicago. Basis bids were talked at a discount of 50 basis points per lb to the underlying contract. This was down from a premium of 50-150...
