Soybean Oil Futures Rocket Higher On Dryness Concerns and Fund Buying

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Soybean Oil Futures Rocket Higher On Dryness Concerns and Fund Buying

Soybean futures surged almost two percent (November contract +16 1/4 cents per bushel) on Thursday as growing concerns about the impact of developing dryness in parts of the Midwest combined with oversold conditions to trigger fund buying. Position squaring ahead of the United States Department of Agriculture’s (USDA’s) World Agricultural Supply and Demand Estimates (WASDE)

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Strong Organic and Non-GMO Broiler Sales Incentivize Investment

Strong Organic and Non-GMO Broiler Sales Incentivize Investment

2019 has seen some of the larger players in the organic and non-GMO space continue to grow. Earlier in...

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05.06.2024

Strong biodiesel production seen weighing on crude glycerin prices

Strong biodiesel production seen weighing on crude glycerin prices

The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...

05.06.2024

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...

05.06.2024

Year-to-date commercial cattle production falls 2.30% y-o-y

Year-to-date commercial cattle production falls 2.30% y-o-y

US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.

US hog slaughter
Fastmarkets research...

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