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Fastmarkets assessed cottonseed oil at $0.4800 per lb on August 20, down from $0.4950 a week earlier. Canola oil basis indications rose on a slow grind higher, while soybean oil futures fell below $0.40 per lb to 3.5-year lows.
Soybean oil's slide to multi-year lows pulled cottonseed and corn oil lower, while firmer canola oil basis signals tighter canola oil supply, mixed signals for vegetable oil feedstocks.
thejacobsen.comAlexandra WattsAug 20, 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.
