Except for the dip early this past summer, global vegetable oil prices have been on a year-long steady trajectory higher. This is especially true for sunflower oil, and thus the announced Russian export restrictions.
The rise in value of industrial materials gets the headlines as big bets on the future of the global economy, however, investors looking for yield would have fared better this year if they had just bought good old vegetable oil.
The strike in Argentina is only a small and recent contributor to the supply/demand imbalance. Even before the strike, U.S. soyoil prices were lower. Like all bubbles, this one will eventually pop but for right now it is an impressive ride. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...