Futures activity

  • Spot soybean oil futures broke 60 cents per pound for the first time since July 2022, closing last Friday at 59.06 cents.

S&D and fundamental factors

  • A USDA attaché pegs Argentina’s 2022/23 soybean crop at 36 MMT, down nearly 20 percent from the recent estimate of 45.5 MMT.

Weather, macro indicators, and news

  • Crude oil was under pressure all last week, falling nearly $6.50 per barrel to $73.25 per barrel. Mar-23 futures may test the early January low of $73.10 and early December low of $71.43 per barrel.

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Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.