Soybean Oil Futures Jumps One Cent Following USDA Report

Category: Soybean Oil

Soybean Oil Futures Jumps One Cent Following USDA Report

Tore Alden | 08.12.2020

World vegetable oil prices surged higher on Wednesday on bullish fundamental palm oil data and funds spreading in the soybean oil market. A sharp rally in crude oil prices, which rose by more than $1 per barrel from the low set just before the end of agricultural trading on Tuesday. Larger-than-expected draws in U.S. crude and distillate inventories more than offset news that the Organization of Petroleum Exporting Countries (OPEC) reduced its projection of crude ...

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The Spread Between Soybean Oil Price and Palm Oil Price Expected to Narrow in Short Term

The Spread Between Soybean Oil Price and Palm Oil Price Expected to Narrow in Short Term

With palm oil futures setting fresh life-of-contract lows almost daily, the relative decline in palm oil has driven the...

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Oil Share May Fall to a Level Not Seen in Almost 50 Years

Oil Share May Fall to a Level Not Seen in Almost 50 Years

The long soybean meal/short soybean oil trade could become more popular in the short term as the demand for...

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Surprising Soybean Oil Export Numbers

Surprising Soybean Oil Export Numbers

Soybean oil exports have been much stronger than expected during the 2019/20 marketing year. Many analysts (including The Jacobsen),...

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Continued Decline in Crude Does Not Necessarily Imply Continued Pressure on Soybean Oil Prices

Continued Decline in Crude Does Not Necessarily Imply Continued Pressure on Soybean Oil Prices

If crude oil prices resume the move lower, it could pressure soybean oil prices, but at some point, the...

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Soybean Oil Demand in Biodiesel Sector Could Slow With Rise in BOHO Spread

Soybean Oil Demand in Biodiesel Sector Could Slow With Rise in BOHO Spread

The bean oil/heating oil spread (BOHO) represents the differential between soybean oil and heating oil futures and is used...

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10.28.2020

Fats, Oils, & Fuels Webinar 10/27/20: Customer Q&A

Fats, Oils, & Fuels Webinar 10/27/20: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, October...

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10.26.2020

Malaysian Developments Drive Veg Oil Prices Sharply Higher

Malaysian Developments Drive Veg Oil Prices Sharply Higher

Malaysian Developments Drive Veg Oil Prices Sharply Higher

Vegetable oil futures jumped sharply on Monday despite a 3 1/2 percent decline in West Texas Intermediate (ETI)...

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10.26.2020

Grain Prices Reach Multi-Year Highs

Grain Prices Reach Multi-Year Highs

 

Weekly Recap 

Soybean futures rebounded from the prior week's decline, climbing three percent and closing at highs not...

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