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Fastmarkets assessed US cottonseed oil flat week on week at $0.5200 per lb, while canola oil RBD Los Angeles fell to its lowest in over four years at $0.5075 per lb. The December CME soybean oil contract dropped 4.3% on November 27.
Sharp weakness in the CME vegetable oil complex and lower canola oil values point to softer oilseed meal and oil pricing, a bearish signal for the oil side of the crush.
thejacobsen.comAlexandra WattsNov 27, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
