US processors crush a new all-time record high of 218 million bushels of soybeans

Soybean oil futures slightly declined amid market uncertainty driven by confusion over US biofuels policy, executive orders, and legal challenges.

Fastmarkets will not publish price assessments for a range of palm oil and palm oil products across key Asia trading hubs between January 27 and February 4 due to the Lunar New Year holiday.

Fastmarkets will not publish its assessments of the soybean CFR China (Brazil) and soybean CFR China (US Gulf) premiums and outright prices between January 29 and February 4 because of the Lunar New Year holiday in China.

China's major vegetable oil stocks, including soybean, palm, and rapeseed oils, decreased slightly to 1.85 million tonnes as of January 17

Investors in the US corn and soybean markets trimmed shorts while amassing longs in the week to Tuesday January 14, pushing the corn net long to the highest-level since May 2022 and moving soybeans from a net short to a net long for the first time in more than a year, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday January 17.

Fastmarkets will not publish any price assessments for US animal fats and oils; animal proteins; biomass-based diesel; hide and leather; grain and feed ingredients; organic/non-GMO; and vegetable oils on Monday January 20 due to the Martin Luther King Jr. holiday in the US and the consequent closure for the day of the Chicago Mercantile Exchange.

Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.

Global used cooking oil (UCO) prices were highly volatile throughout 2024 amid market uncertainty, trade flow and policy changes, with market sources expecting the prices to increase further in 2025, pushed up by higher demand and increased biofuel production obligations.

In December, increased demand from various industries led to a 5-10% rise in EU animal fats prices, supported by high seasonal rendering activity and regulatory factors affecting vegetable oil supply.