Strong January Meat Meal Exports Into Asia
Trading was higher on ruminant meat and bone meal out of the Dallas/Houston market and lower, on the bottom...
Argentine Weather and Crude Rally Drive Soybean Oil Higher
Vegetable oil prices were generally higher on Friday, but once again, the gains in the soybean oil market were far more significant than in palm oil. At this point, the soybean oil market is basically dragging the palm oil market higher. Continued concerns about Argentine growing conditions triggered a sharp rally in soybean prices, combined with oil/meal spreading by the funds lifted soybean oil futures to fresh life-of-contract highs. However, unlike the...Read More