Palm Oil Jumps to Record High Ahead of Long Holiday Weekend

Category: Vegetable Oil

Palm Oil Jumps to Record High Ahead of Long Holiday Weekend

Vegetable oil prices were higher on Wednesday as overnight gains in palm oil and a rally in soybean futures drove gains in soybean oil. However, prices rallied ahead of the United States Department of Agriculture's (USDA's) projections, and futures were unable to capture the pre-report highs following the release of the data.

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Fats, Oils, & Fuels Webinar 5/4/21: Customer Q&A

Fats, Oils, & Fuels Webinar 5/4/21: Customer Q&A

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

Soybean Oil Prices Set New Highs Despite Bearish Data

Soybean Oil Prices Set New Highs Despite Bearish Data

Vegetable oil futures were mixed on Tuesday as reports suggesting Indonesian palm oil production could rise by more than...

Soybean Oil Drops Despite Limit-Up Move in May Contract

Soybean Oil Drops Despite Limit-Up Move in May Contract

Soybean Oil Drops Despite Limit-Up Move in May Contract

World vegetable oil futures were generally lower...

Fats, Oils, & Fuels Webinar 4/27/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/27/21: Customer Q&A

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

Bullish Palm Oil Data Drives Another Rally in Veg Oils

Bullish Palm Oil Data Drives Another Rally in Veg Oils

Bullish Palm Oil Data Drives Another Rally in Veg Oils

Vegetable oil prices continued to surge...

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

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

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...

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...

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09.06.2024

Signs of US economic downturn send ULSD prices to 3-year low

Signs of US economic downturn send ULSD prices to 3-year low

Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...

09.06.2024

US fat market slides on pressure from soybean oil, energy complex

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Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...

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Sluggish trade volume keeps weekly animal protein prices flat

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US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.

Weekly wrap-up
Prices for US animal proteins were little...

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