NOPA, Weather Worries Boost Soybean Oil Prices

Author: Alexandra Watts

NOPA, Weather Worries Boost Soybean Oil Prices

Alexandra Watts | 08.15.2023

Mississippi Valley cottonseed oil (PBSY) cash prices moved higher, bumping up two cents per pound from last week to 72 cents per pound. Spot cottonseed oil values were up, in tandem with two days of gains in soybean oil futures. Futures advanced again on Tuesday amid U.S. Midwest crop weather concerns, expectations for stronger palm oil exports, and gains in rival vegetable oils. 

Soybean oil prices were also supported after the U.S. National Oilseed Processors Association (NOPA), which represents about ...

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