Edible Oil Prices Surge on Hot Weather, Black Sea Tensions

Author: Alexandra Watts

Edible Oil Prices Surge on Hot Weather, Black Sea Tensions

World vegetable oil prices surged out of the gate on Monday. Palm oil and soybean oil futures rallied, with gains driven by stronger energy prices, worries of dry weather in the U.S. Midwest this week, and rising tensions in the Black Sea region following fresh attacks against ports and infrastructure along the Danube River in Ukraine.

On the CME, nearby August soybean oil futures settled at 71.99 cents per pound, up 259 basis points per pound, or 3.7 percent. December soybean oil futures...

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Organic Soybean Meal Trade Action

Organic Soybean Meal Trade Action

Enough questions were asked about the public documents we spoke about on...

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Last Week's Hemp Commentary

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Weekly LCFS Credit Volume Surges to Third Highest on Record

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Weekly...

Animal Fats, DCO and UCO Prices Continue to Rally

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Six cars of choice white grease (CWG) traded at 64 cts/lb this morning, boosted by tight supplies and pockets...

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Sausage Casings Bulletin July 21st, 2023

Sausage Casings Bulletin July 21st, 2023

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Black Sea Uncertainty Drives Volatility in Grain Markets

Black Sea Uncertainty Drives Volatility in Grain Markets

Grain and feed items shifted significantly over the week due to potential rain...

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Short Positions in Automotive Tanning Drive Nearby Hide Demand

Buyers were active in the market this week at steady to higher prices for packer material. Processors reported similar...

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Sausage casings bulletin, April 11, 2025

Sausage casings bulletin, April 11, 2025

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Sausage casings bulletin, April 4, 2025

Sausage casings bulletin, April 4, 2025

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