Inflation Fears and Technical Buying Drive Soy Oil Higher

Category: Vegetable Oil

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil futures were modestly higher, but the nearby contract fell by one percent in cash-driven trading. A combination of inflation hedging flows, and follow-through technically-driven buying drove the gains during U.S. trading hours. However, strength in oilseed complex futures on the Dalian exchange may have also contributed to the bullish tone.

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Fats, Oils, & Fuels Webinar 4/13/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/13/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from...

Weakness in Soybean Prices Drives Soybean Oil Lower

Weakness in Soybean Prices Drives Soybean Oil Lower

Vegetable oil prices were mixed on Wednesday as follow-through buying from Tuesday's bullish export and production data and strength...

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Fats, Oils, & Fuels Webinar 4/6/21: Customer Q&A

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Collapse in Soy Spreads Weighs on Nearby Soybean Oil Prices

Collapse in Soy Spreads Weighs on Nearby Soybean Oil Prices

Collapse in Soy Spreads Weighs on Nearby Soybean Oil Prices

Vegetable oil prices were mixed on...

Fats, Oils, & Fuels Webinar 3/31/21: Customer Q&A

Fats, Oils, & Fuels Webinar 3/31/21: Customer Q&A

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Soybean Oil Rises to New Record on Gains in Soybean Market

Soybean Oil Rises to New Record on Gains in Soybean Market

Soybean Oil Rises to New Record on Gains in Soybean Market

Vegetable oil futures were mixed...

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Fats, Oils, & Fuels Webinar 3/24/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from...

May Soybean Oil Contract Locked Limit-Up on Fund Spreading

May Soybean Oil Contract Locked Limit-Up on Fund Spreading

May Soybean Oil Contract Locked Limit-Up on Fund Spreading

Vegetable oil prices were sharply higher on...

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04.14.2021

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil...

04.14.2021

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