HBO Profit-Lock Update: March 2024
HBO Profit-Lock Update: March 2024: Current soybean oil market and how it compares to prior months or years, USDA reports, Economic Impact on the industry, International oil supply’s affect on domestic pricing, Bio-Diesel, and more.
HBO Profit-Lock Update: February 2024
Jason Thomas, president of Healthy Brand Oil, has some interesting insight on agriculture, veg oil, industry headlines and more in his HBO Profit-Lock Update: February 2024.
HBO Profit-Lock Update: December 2023
Jason Thomas, president of Healthy Brand Oil, has some interesting insight on agriculture, veg oil, industry headlines and more in his HBO Profit-Lock Update: December 2023.
HBO Profit-Lock Update: October 2023
30 and 15-year seasonals favor a bottom of soybean oil futures in early October. Overseas suppliers are looking to capitalize on higher US prices.
HBO Profit-Lock Update: September 2023
Domestic soybean oil inventories are tight but 30-year seasonals favor a bottom of soybean oil futures in early October. Click for more.
Soybean Oil: Price vs. Technical vs. Fundamental
Grains are running in to a softer temperature outlook for August and technical selling after a strong front part of the week. Click for more.
Soybean Oil Technical Look: Too far too fast?
The soybean oil futures market has been on fire. As of last Friday’s close (AUG 2023 Futures), the market was up 31.29% from its bottom in 12 trading days. The last twelve trading days are about as strong a technical move as you will see. Underneath the technical move is a solid fundamental supply/demand story and the current deterioration of N.A. crop conditions because of a lack of moisture.
See the two below charts for more insight.
Soybean Oil Technical Look: An extreme reading for soybean oil?
Recently the soybean oil market closed at the furthest distance from the 30-week moving average since the Great Financial Crisis in late 2008. This is the 2nd most extreme reading for soybean oil’s performance against its prior 30-week performance in fifty years.
Why is this significant?
AgriMarkets and Beyond 12.21.22
The soybean oil market is currently @ .6641. Higher commodity markets across the board this morning, led by wheat +2.86%. Soybean oil is slightly higher
AgriMarkets and Beyond 01.13.23
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