by Jason Thomas, President of Healthy Brand Oil
***NOT A TRADE RECOMMENDATION***
North American soybean and canola oils remain competitive, limiting import price pressure. Soybean oil prices fluctuate with export and biodiesel markets. Renewable diesel margins may rise, boosting soybean oil demand. Supply is constrained by maintenance and a strike. Crop production is strong, pressuring prices. Economic indicators suggest potential interest rate cuts, supporting equity markets. Political and macroeconomic factors could impact grain prices, which are at multi-year lows.
Healthy Brand Oil‘s Jason Thomas has some interesting insight on these topics and more on his HBO Profit-Lock Update: July 2024.
Click Here For The Full HBO July 2024 Market Report
