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A weekly CommodityONE snapshot reported soybean oil up 11% week on week on optimism about biofuel tax credit guidance, and wheat breaking a December stall. Cattle, butter, and produce prices were also noted, including February live cattle up 2% to $198.35/cwt.
The soybean oil gain reflects biofuel policy expectations, which can keep vegetable oil and meal values firm while cattle prices support feeder demand.
insidetrackdata.comMelissa EvansJan 14, 2025Not 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.
