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Oil and Grains Report
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Oil & Grains- Oil World is forecasting international biodiesel production to rise 20% in 2010 which could be bullish for soybean oil prices. The soybean oil market is trending upward.
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Market Trend |
Supplies |
Price vs. Last Year |
Soybeans |
Increasing |
Good |
Higher |
Crude Soybean Oil |
Increasing |
Good |
Higher |
Soymeal |
Increasing |
Good |
Higher |
Corn |
Increasing |
Good |
Higher |
Crude Corn Oil |
Increasing |
Good |
Higher |
Distillers Grain, Dry |
Increasing |
Good |
Lower |
Crude Palm Oil |
Increasing |
Good |
Higher |
Hard Red Winter Wheat |
Increasing |
Good |
Lower |
Dark Northern Spring Wheat |
Increasing |
Good |
Lower |
Canola Seed |
Increasing |
Good |
Higher |
Canola Oil |
Increasing |
Good |
Higher |
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