Weakness in Soybean Prices Drives Soybean Oil Lower

Category: Vegetable Oil

Weakness in Soybean Prices Drives Soybean Oil Lower

Tore Alden | 04.07.2021

Vegetable oil prices were mixed on Wednesday as follow-through buying from Tuesday's bullish export and production data and strength in Chinese vegetable oil markets supported palm oil. Soybean oil futures were also stronger overnight but dropped sharply at the U.S. opening following sharp declines in soybean futures on news of robust export shipments from Brazil during March.

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

Fats, Oils, & Fuels Webinar 4/6/21: 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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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...

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

Fats, Oils, & Fuels Webinar 3/31/21: 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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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

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...

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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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Fats, Oils, & Fuels Webinar 3/16/21: Customer Q&A

Fats, Oils, & Fuels Webinar 3/16/21: 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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Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

Vegetable prices continued to rally on...

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The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...

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