It was another losing week for soymeal but soyoil will likely be at the top of the financial market’s percentage gainers.
According to the CFTC, managed money slashed its net short in CBOT soyoil in half to 19,198 contracts, but it still wasn’t enough. Soyoil was red hot this week, rising 10.2 percent, as a rumored competition has broken out between biodiesel makers and food makers that weren’t properly covered. That helped pull soybeans higher despite the bearish WASDE report. Soyoil is now pegged as the most expensive vegetable oil on the market. However, this is not its first time at the top. Recall that the same renewable biodiesel dynamic had it trading above 60 cents back in February and it got close to 70...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
