Fund Spreading Reverses Overnight Gains In Soybean Oil Market

Category: Vegetable Oil

Fund Spreading Reverses Overnight Gains In Soybean Oil Market

Tore Alden | 10.26.2019

Nearby soybean futures were marginally higher on Monday, with most contracts gaining less than 1/4 percent (January contract +1 cent per bushel). Technically-driven buying following a sharp sell-off on Friday drove the gains. Funds were reported buyers of 3,000 soybean contracts, 2,000 soybean meal contracts, and were reported sellers of 3,000 soybean oil contracts. Long

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Palm Oil Futures Slightly Higher

Palm Oil Futures Slightly Higher

Technically-driven buying from oversold levels and weakness in the Malaysian ringgit helped palm oil futures rally slightly to settle...

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Palm Oil Prices Plunge, But Soybean Oil Futures Settle Marginally Higher

Palm Oil Prices Plunge, But Soybean Oil Futures Settle Marginally Higher

Selling accelerated on the Dalian exchange in response to the sharp decline in palm oil futures in Malaysia with...

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Canola futures gained less than 1/4 percent

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Palm Oil Futures Rose About One Percent

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Palm oil futures rose about one percent (November contract +21 ringgit per tonne) on bullish data from the Malaysian...

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Palm Oil Inventories Declined To The Lowest Level In More Than A Year

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Palm Oil Futures Were Sharply Lower

Palm Oil Futures Were Sharply Lower

Palm oil futures were sharply lower following a long holiday weekend with most nearby contracts down more than two...

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Most canola contracts lost a little more than 3/4 percent

Most canola contracts lost a little more than 3/4 percent

Most canola contracts lost a little more than 3/4 percent (November contract -C$3.50 per tonne) on Tuesday on the...

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Canola futures lost about 1/4 percent

Canola futures lost about 1/4 percent

Canola futures lost about 1/4 percent (November contract -C$1.70 per tonne) as the weakness in soybean futures more than...

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