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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01.22.2021

Fund Selling in Ag Markets Drives Soybean Oil Sharply Lower

Fund Selling in Ag Markets Drives Soybean Oil Sharply Lower

Fund Selling in Ag Markets Drives Soybean Oil Sharply Lower

Soybean oil futures were battered on Friday, as speculative liquidation of soybean futures hit a fever...

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01.22.2021

Organic Corn Prices Edge Higher

Organic Corn Prices Edge Higher

Organic corn prices in Europe are edging higher. Organic corn prices in Romania are up to 275-Euro per metric ton. If you can find them out of Ukraine, organic...

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01.22.2021

US Steer Hide Prices Drop, Cow Prices Rise

US Steer Hide Prices Drop, Cow Prices Rise

The US hide market closed the week trading slightly lower than the previous with a number of steer hide prices under pressure. However, cow hides are in demand due...

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