Tight Stocks and Flooding Drive Palm Oil Prices Higher

Author: Tore Alden

Tight Stocks and Flooding Drive Palm Oil Prices Higher

Tore Alden | 01.06.2021

Vegetable oil prices continued to rally on Wednesday, but once again, palm oil outperformed, driving the spread between the March soybean oil and palm oil contracts back down to parity. The Jacobsen believes the spread could fall to a two-cent premium for palm oil ahead of first notice day for the soybean oil contract. Argentine port workers' recent strike supported soybean oil prices and limited the two markets' diverging fundamentals. The strike's resolution has lef...

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Grain and Feed Futures Post Impressive Gains in 2020

Grain and Feed Futures Post Impressive Gains in 2020

Another day, another rally in corn futures, which traded higher in 14 consecutive days to end the year. Concerns...

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Soybean Oil Futures End the Year Up 72% from Pandemic Low

Soybean Oil Futures End the Year Up 72% from Pandemic Low

Soybean Oil Futures End the Year Up 72% from Pandemic Low

Gains in oilseed prices continued...

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A Decline in Chinese Prices Weighs on Vegetable Oils

A Decline in Chinese Prices Weighs on Vegetable Oils

=Vegetable oil futures were lower following the long holiday weekend. Weakness in the Dalian market triggered profit-taking in palm...

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Soybean Oil and Palm Oil Set Fresh Life-of-Contract Highs

Soybean Oil and Palm Oil Set Fresh Life-of-Contract Highs

Overnight gains in palm oil futures and concerns about South American growing conditions drove buying in the soybean oil...

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Fund Spreading Drives Soybean Oil Sharply Higher

Fund Spreading Drives Soybean Oil Sharply Higher

Soybean oil prices jumped higher on Friday on the liquidation of short oil share positions by funds despite a...

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Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Soybean oil prices rallied...

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Soy Oil/Palm Oil Price Spread Falls Back Below Parity

Soy Oil/Palm Oil Price Spread Falls Back Below Parity

The spread between January soybean oil and palm oil contracts fell back below parity on Thursday but remained just...

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Vaccine Driven Soybean Oil Rally Reverses at Critical Level

Vaccine Driven Soybean Oil Rally Reverses at Critical Level

World vegetable oil futures rose on Monday following positive news about the development of a coronavirus vaccine. However, soybean...

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

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04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

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04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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