Chicago soybean oil futures extend gains amid ongoing rally by crude oil

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Chicago soybean oil futures extend gains amid ongoing rally by crude oil

The US soybean oil futures markets in Chicago continued to move higher on Thursday October 3, tracking another session of sharp gains for global crude oil prices.

The benchmark December soybean oil futures on the Chicago Mercantile Exchange traded at highs not seen since July before settling at $0.4453 per lb on Thursday, up by $0.0089 per lb or 2.04% from $0.4364 per lb the day prior.

The West Texas Intermediate and Brent crude oil markets continued to rally amid...

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International animal proteins mixed for week to October 2, 2024

International animal proteins mixed for week to October 2, 2024

Prices in the international animal proteins market were mixed in the week to Thursday October 2.

Fastmarkets assessed...

Research needed to understand carbon footprint of hemp textiles

Research needed to understand carbon footprint of hemp textiles

Industrial hemp was legalized in 2018 on the premise that it would afford new opportunities for incorporating sustainability into...

CARB sticks to limit on virgin vegetable oils, tweaks AAM in latest proposal

CARB sticks to limit on virgin vegetable oils, tweaks AAM in latest proposal

California’s Air Resources Board (CARB) proposed on Tuesday October 1 that it should include sunflower oil into its earlier...

US animal fats and oils stable to lower despite rebound in soybean oil futures

US animal fats and oils stable to lower despite rebound in soybean oil futures

Animal fats and oils trading in the US was mostly quiet on Wednesday October 2 despite a rebound in...

Uncertainty leads to lackluster demand in US animal protein market

Uncertainty leads to lackluster demand in US animal protein market

US animal protein prices were steady to lower on Wednesday October 2 due to limited trade and market uncertainty,...

August US soybean crush, corn consumption fall below monthly levels

August US soybean crush, corn consumption fall below monthly levels

US soybean crush falls below monthly, yearly levels
Soybeans crushed for crude oil totaled 168 million bushels in August,...

China’s hide buying begins to ramp up following govt stimulus

China’s hide buying begins to ramp up following govt stimulus

US hide trading was slow on Wednesday October 2, with only two trades reported. Light-weight butt branded steers (BBS)...

US cash edible oils market remains subdued due to policy uncertainty

US cash edible oils market remains subdued due to policy uncertainty

Spot market activity in the US edible oils market was still subdued on Wednesday October 2. Most food and...

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