Food Business News - June 12, 2018 - 47

Edible Oils
Bookings of edible fats and oils were
limited last week. Price adjustments
were mixed.
Soybean oil prices were lowered.
Soybean oil futures declined in sympathy with the rest of the soy complex,
which was pressured by outstanding
progress in planting the 2018 crop and
high initial crop ratings issued by the
U.S. Department of Agriculture. The cash
basis on soybean oil was unchanged.
Soybean oil users booked what
supply was required to keep contract
balances extended on average from 60 to
65 days.
Basis coverage showed little change
from a week earlier. Third-quarter coverage was estimated at 70%, and fourthquarter coverage remained very light as
buyers awaited new crop developments.
Soybean oil users kept an eye
trained on U.S.-China trade talks. A
further deterioration in U.S.-China trade
relations may result in reduced Chinese
imports of U.S. soybeans. At the same
time, market analysts suggested China
would have to turn to the United States
for supply when alternative exporters are
unable to meet China's huge demand.
The U.S. Department of Agriculture
indicated net export sales of soybean oil
during the week ended May 31 totaled
10,000 tonnes for 2017-18. The U.S.D.A.
also indicated sales of 500 tonnes for the
2018-19 marketing year.

Use in
Sauces, Soups,
Blends, and
More!

The premium to soybean oil futures
asked for refined canola oil in the Midwest
narrowed to 7c a lb last week from 7½c in
the previous few weeks. Premiums had
been sustained at high levels when the
market was concerned a strike by Canadian Pacific Railway workers would disrupt shipments from Canada. Workers did
walk off the job, but the strike was ended
within hours when the C.P. presented a
new contract offer, and the union leadership advised members to accept it.
Peanut oil prices were raised. The
stronger tone to the market reflected
in part delays in peanut planting and
possible damage to peanuts that have
been planted in the Southeast because
of excessive moisture, especially in the
wake of tropical storm Alberto.
Palm oil prices edged lower. Palm
oil futures tended to follow soybean oil
futures. Palm oil futures also were pressured by concerns over exports given
India's recent raising of import taxes on
palm oil. FBN

Spot soybean oil
Decatur, Ill., bulk cents per lb

38.00
36.00
34.00
32.00
30.00
28.00

J

S

D
Previous Year

M
Current Year

Chicago soybean oil futures
Bulk in tank cars, cents per lb
Delivery
July
August
September
October
December
January

June 8
close
30.52
30.63
30.75
30.86
31.16
31.42

- Change from -
June 1
May 25
-.67
-.82
-.68
-.82
-.71
-.86
-.75
-.90
-.80
-.97
-.78
-.96

Year
ago
32.29
32.41
32.53
32.59
32.74
32.90

Crude soybean oil
Bulk in tank cars, cents per lb
Delivery
June
July
August
September
October
November
December

Decatur, Ill.
29.27 @ 29.52
29.77 @ 30.02
29.88 @ 30.13
30.00 @ 30.25
30.36 @ 30.61
30.51 @ 30.76
30.66 @ 30.91

Western points
28.77 @29.52
29.27 @29.52
29.38 @29.63
29.50 @29.75
29.86 @30.11
30.01 @30.26
30.16 @30.41

Edible oils
Bulk, cents per lb
June 8
Soybean oil,
Decatur
Loose lard,
Chicago
Edible tallow,
Chicago
Cottonseed oil,
Miss. PBSY
Palm oil (R.B.D.),
ports
Palm kernel oil (R.B.D.),
ports
Coconut oil
Peanut oil, Southeast
Corn oil, Decatur
Sunflowerseed oil,
Midwest
Canola oil,
Midwest

- Change from - Year
June 1 May 25 ago

29.50

-.50

-.75

32.25

31.25

-.25

-

32.50

29.00

-.25

-.25

36.50

31.00

-.75

-.50

38.75

33.25

-.25

-.50

35.00

62.75
47.00
67.50
32.75

+.75
-2.00
+.50
+.50

+.25
-4.00
+.50
+.50

38.50
82.00
77.50
40.75

54.00

-

-

52.00

37.50

-1.25

-1.25

37.25

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June 12, 2018

Business News
47
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Table of Contents for the Digital Edition of Food Business News - June 12, 2018

http://digital.foodbusinessnews.net/sosland/fbn/2019_05_14
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_30
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_16
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_02
http://digital.foodbusinessnews.net/sosland/fbn/2019_03_19
http://digital.foodbusinessnews.net/sosland/fbn/2019_03_05
http://digital.foodbusinessnews.net/sosland/fbn/2019_02_19
http://digital.foodbusinessnews.net/sosland/fbn/2019_02_05
http://digital.foodbusinessnews.net/sosland/fbn/2019_01_22
http://digital.foodbusinessnews.net/sosland/fbn/2019_1_8
http://digital.foodbusinessnews.net/sosland/fbn/2018_12_25
http://digital.foodbusinessnews.net/sosland/fbn/2018_12_11
http://digital.foodbusinessnews.net/sosland/fbn/2018_11_27
http://digital.foodbusinessnews.net/sosland/fbn/2018_11_13
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_30
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_16
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_02
http://digital.foodbusinessnews.net/sosland/fbn/2018_09_18
http://digital.foodbusinessnews.net/sosland/fbn/2018_09_04
http://digital.foodbusinessnews.net/sosland/fbn/2018_08_21
http://digital.foodbusinessnews.net/sosland/fbn/2018_08_07
http://digital.foodbusinessnews.net/sosland/fbn/2018_07_24
http://digital.foodbusinessnews.net/sosland/fbn/2018_07_10
http://digital.foodbusinessnews.net/sosland/fbn/2018_06_26
http://digital.foodbusinessnews.net/sosland/fbn/2018_06_12
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_29
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_15
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_01
http://digital.foodbusinessnews.net/sosland/fbn/2018_04_17
http://digital.foodbusinessnews.net/sosland/fbn/fbn_2018_04_03
http://digital.foodbusinessnews.net/sosland/fbn/2018_03_20
http://www.nxtbook.com/sosland/fbn/2018_03_06
http://www.nxtbook.com/sosland/fbn/2018_02_20
http://www.nxtbook.com/sosland/fbn/2018_02_06
http://www.nxtbook.com/sosland/fbn/2018_01_23
http://www.nxtbook.com/sosland/fbn/2018_01_09
http://www.nxtbook.com/sosland/fbn/2017_12_26
http://www.nxtbook.com/sosland/fbn/2017_12_12
http://www.nxtbook.com/sosland/fbn/2017_11_28
http://www.nxtbook.com/sosland/fbn/2017_11_14
http://www.nxtbook.com/sosland/fbn/2017_10_31
http://www.nxtbook.com/sosland/fbn/2017_10_17
http://www.nxtbook.com/sosland/fbn/2017_10_03
http://www.nxtbook.com/sosland/fbn/2017_09_19
http://www.nxtbook.com/sosland/fbn/2017_09_05
http://www.nxtbook.com/sosland/fbn/2017_08_22
http://www.nxtbook.com/sosland/fbn/2017_08_08
http://www.nxtbook.com/sosland/fbn/2017_07_25
http://www.nxtbook.com/sosland/fbn/2017_07_11
http://www.nxtbook.com/sosland/fbn/2017_06_27
http://www.nxtbook.com/sosland/fbn/2017_06_13
http://www.nxtbook.com/sosland/fbn/2017_05_30
http://www.nxtbook.com/sosland/fbn/2017_05_16
http://www.nxtbook.com/sosland/fbn/2017_05_02
http://www.nxtbook.com/sosland/fbn/2017_04_18
http://www.nxtbook.com/sosland/fbn/2017_04_04
http://www.nxtbook.com/sosland/fbn/2017_03_21
http://www.nxtbook.com/sosland/fbn/2017_03_07
http://www.nxtbook.com/sosland/fbn/2017_02_21
http://www.nxtbook.com/sosland/fbn/2017_02_07
http://www.nxtbook.com/sosland/fbn/2017_01_24
http://www.nxtbook.com/sosland/fbn/2017_01_10
http://www.nxtbook.com/sosland/fbn/2016_12_27
http://www.nxtbook.com/sosland/fbn/2016_12_13
http://www.nxtbook.com/sosland/fbn/2016_11_29
http://www.nxtbook.com/sosland/fbn/2016_11_15
http://www.nxtbook.com/sosland/fbn/2016_11_01
http://www.nxtbook.com/sosland/fbn/2016_10_18
http://www.nxtbook.com/sosland/fbn/2016_10_04
http://www.nxtbook.com/sosland/fbn/2016_09_20
http://www.nxtbook.com/sosland/fbn/2016_09_06
http://www.nxtbook.com/sosland/fbn/2016_08_23
http://www.nxtbook.com/sosland/fbn/2016_08_09
http://www.nxtbook.com/sosland/fbn/2016_07_26
http://www.nxtbook.com/sosland/fbn/2016_07_12
http://www.nxtbook.com/sosland/fbn/2016_06_28
http://www.nxtbook.com/sosland/fbn/2016_06_14
http://www.nxtbook.com/sosland/fbn/2016_05_31
http://www.nxtbook.com/sosland/fbn/2016_05_17
http://www.nxtbook.com/sosland/fbn/2016_05_03
http://www.nxtbook.com/sosland/fbn/2016_04_19
http://www.nxtbook.com/sosland/fbn/2016_04_05
http://www.nxtbook.com/sosland/fbn/2016_03_22
http://www.nxtbook.com/sosland/fbn/2016_03_08
http://www.nxtbook.com/sosland/fbn/2016_02_23
http://www.nxtbook.com/sosland/fbn/2016_02_09
http://www.nxtbook.com/sosland/fbn/2016_01_26
http://www.nxtbook.com/sosland/fbn/2016_01_12
http://www.nxtbook.com/sosland/fbn/2015_12_29
http://www.nxtbook.com/sosland/fbn/2015_12_15
http://www.nxtbook.com/sosland/fbn/2015_12_01
http://www.nxtbook.com/sosland/fbn/2015_11_17
http://www.nxtbook.com/sosland/fbn/2015_11_03
http://www.nxtbook.com/sosland/fbn/2015_10_20
http://www.nxtbook.com/sosland/fbn/2015_10_06
http://www.nxtbook.com/sosland/fbn/2015_09_22
http://digital.foodbusinessnews.net/sosland/fbn/09_08_2015
http://www.nxtbook.com/sosland/fbn/2015_08_25
http://www.nxtbook.com/sosland/fbn/2015_08_11
http://www.nxtbook.com/sosland/fbn/2015_07_28
http://www.nxtbook.com/sosland/fbn/2015_07_14
http://www.nxtbook.com/sosland/fbn/2015_06_30
http://www.nxtbook.com/sosland/fbn/2015_06_16
http://www.nxtbook.com/sosland/fbn/2015_06_02
http://www.nxtbook.com/sosland/fbn/2015_05_19
http://www.nxtbook.com/sosland/fbn/2015_05_05
http://www.nxtbook.com/sosland/fbn/2015_04_21
http://www.nxtbook.com/sosland/fbn/2015_04_07
http://www.nxtbook.com/sosland/fbn/2015_03_24
http://www.nxtbook.com/sosland/fbn/2015_03_10
http://www.nxtbook.com/sosland/fbn/fbn/2015_02_24
http://www.nxtbook.com/sosland/fbn/2015_02_10
http://www.nxtbook.com/sosland/fbn/2015_01_27
http://www.nxtbook.com/sosland/fbn/2015_01_13
http://www.nxtbook.com/sosland/fbn/2014_12_30
http://www.nxtbook.com/sosland/fbn/2014_12_16
http://www.nxtbook.com/sosland/fbn/2014_12_02
http://www.nxtbook.com/sosland/fbn/2014_11_18
http://www.nxtbook.com/sosland/fbn/2014_11_04
http://www.nxtbook.com/sosland/fbn/2014_10_21
http://www.nxtbook.com/sosland/fbn/2014_10_07
http://www.nxtbook.com/sosland/fbn/2014_09_23
http://www.nxtbook.com/sosland/fbn/2014_09_09
http://www.nxtbook.com/sosland/fbn/2014_08_26
http://www.nxtbook.com/sosland/fbn/2014_08_12
http://www.nxtbook.com/sosland/fbn/2014_07_29
http://www.nxtbook.com/sosland/fbn/2014_07_15
http://www.nxtbook.com/sosland/fbn/2014_07_01
http://www.nxtbook.com/sosland/fbn/2014_06_17
http://www.nxtbook.com/sosland/fbn/2014_06_03
http://www.nxtbook.com/sosland/fbn/2014_05_20
http://www.nxtbook.com/sosland/fbn/2014_05_06
http://www.nxtbook.com/sosland/fbn/2014_04_22
http://www.nxtbook.com/sosland/fbn/2014_04_08
http://www.nxtbook.com/sosland/fbn/2014_03_25
http://www.nxtbook.com/sosland/fbn/2014_03_11
http://www.nxtbook.com/sosland/fbn/2014_02_25
http://www.nxtbook.com/sosland/fbn/2014_02_11
http://www.nxtbook.com/sosland/fbn/2014_01_28
http://www.nxtbook.com/sosland/fbn/2014_01_14
http://www.nxtbook.com/sosland/fbn/2013_12_31
http://www.nxtbook.com/sosland/fbn/2013_12_17
http://www.nxtbook.com/sosland/fbn/2013_12_03
http://digital.foodbusinessnews.net/sosland/fbn/2013_11_19
http://digital.foodbusinessnews.net/sosland/fbn/2013_11_05
http://digital.foodbusinessnews.net/sosland/fbn/2013_10_22
http://digital.foodbusinessnews.net/sosland/fbn/2013_10_08
http://digital.foodbusinessnews.net/sosland/fbn/2013_09_24
http://digital.foodbusinessnews.net/sosland/fbn/2013_09_10
http://digital.foodbusinessnews.net/sosland/fbn/2013_08_27
http://digital.foodbusinessnews.net/sosland/fbn/2013_08_13
http://digital.foodbusinessnews.net/sosland/fbn/2013_07_30
http://www.nxtbook.com/sosland/fbn/2013_07_16
http://www.nxtbook.com/sosland/fbn/2013_07_02
http://www.nxtbook.com/sosland/fbn/2013_06_18
http://www.nxtbook.com/sosland/fbn/2013_06_04
http://www.nxtbook.com/sosland/fbn/2013_05_21
http://www.nxtbook.com/sosland/fbn/2013_05_07
http://www.nxtbook.com/sosland/fbn/2013_04_23
http://www.nxtbook.com/sosland/fbn/2013_04_09
http://www.nxtbook.com/sosland/fbn/2013_03_26
http://www.nxtbook.com/sosland/fbn/2013_03_12
http://www.nxtbook.com/sosland/fbn/2013_02_26
http://www.nxtbook.com/sosland/fbn/2013_02_12
http://www.nxtbook.com/sosland/fbn/2013_01_29
http://www.nxtbook.com/sosland/fbn/2013_01_15
http://www.nxtbook.com/sosland/fbn/2013_01_01
http://www.nxtbook.com/sosland/fbn/2012_12_18
http://www.nxtbook.com/sosland/fbn/2012_12_04
http://www.nxtbook.com/sosland/fbn/2012_11_20
http://www.nxtbook.com/sosland/fbn/2012_11_06
http://www.nxtbook.com/sosland/fbn/2012_10_23
http://www.nxtbook.com/sosland/fbn/2012_10_09
http://www.nxtbook.com/sosland/fbn/2012_09_25
http://www.nxtbook.com/sosland/fbn/2012_09_11
http://www.nxtbook.com/sosland/fbn/2012_08_28
http://www.nxtbook.com/sosland/fbn/2012_08_14
http://www.nxtbook.com/sosland/fbn/2012_07_31
http://www.nxtbook.com/sosland/fbn/2012_07_17
http://www.nxtbook.com/sosland/fbn/2012_07_03
http://www.nxtbook.com/sosland/fbn/2012_06_19
http://www.nxtbook.com/sosland/fbn/2012_06_05
http://www.nxtbook.com/sosland/fbn/2012_05_22
http://www.nxtbook.com/sosland/fbn/2012_05_08
http://www.nxtbook.com/sosland/fbn/2012_04_24
http://www.nxtbook.com/sosland/fbn/2012_04_10
http://www.nxtbook.com/sosland/fbn/2012_03_27
http://www.nxtbook.com/sosland/fbn/2012_03_13
http://www.nxtbook.com/sosland/fbn/2012_02_28
http://www.nxtbook.com/sosland/fbn/2012_02_14
http://www.nxtbook.com/sosland/fbn/2012_01_31
http://www.nxtbook.com/sosland/fbn/2012_01_17
http://www.nxtbook.com/sosland/fbn/2012_01_03
http://www.nxtbook.com/sosland/fbn/2011_12_20
http://www.nxtbook.com/sosland/fbn/2011_12_06
http://www.nxtbook.com/sosland/fbn/2011_11_22
http://www.nxtbook.com/sosland/fbn/2011_11_08
http://www.nxtbook.com/sosland/fbn/2011_10_25
http://www.nxtbook.com/sosland/fbn/2011_10_11
http://www.nxtbook.com/sosland/fbn/2011_09_27
http://www.nxtbook.com/sosland/fbn/2011_09_13
http://www.nxtbook.com/sosland/fbn/2011_08_30
http://www.nxtbook.com/sosland/fbn/2011_08_16
http://www.nxtbook.com/sosland/fbn/2011_08_02
http://www.nxtbook.com/sosland/fbn/2011_07_19
http://www.nxtbook.com/sosland/fbn/2011_07_05
http://www.nxtbook.com/sosland/fbn/2011_06_21
http://www.nxtbook.com/sosland/fbn/2011_06_07
http://www.nxtbook.com/sosland/fbn/2011_05_24
http://www.nxtbook.com/sosland/fbn/2011_05_10
http://www.nxtbook.com/sosland/fbn/2011_04_26
http://www.nxtbook.com/sosland/fbn/2011_04_12
http://www.nxtbook.com/sosland/fbn/2011_03_29
http://www.nxtbook.com/sosland/fbn/2011_03_15
http://www.nxtbook.com/sosland/fbn/2011_03_01
http://digital.foodbusinessnews.net/sosland/fbn/2011_02_15
http://digital.foodbusinessnews.net/sosland/fbn/2011_01_18
http://digital.foodbusinessnews.net/sosland/fbn/2011_01_04
http://digital.foodbusinessnews.net/sosland/fbn/2010_12_21
http://digital.foodbusinessnews.net/sosland/fbn/2010_12_07
http://digital.foodbusinessnews.net/sosland/fbn/2010_11_23
http://digital.foodbusinessnews.net/sosland/fbn/2010_11_09
http://digital.foodbusinessnews.net/sosland/fbn/2010_10_26
http://digital.foodbusinessnews.net/sosland/fbn/2010_10_12
http://digital.foodbusinessnews.net/sosland/fbn/2010_09_28
http://digital.foodbusinessnews.net/sosland/fbn/2010_09_14
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_31
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_17
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_03
http://digital.foodbusinessnews.net/sosland/fbn/2010_07_20
http://digital.foodbusinessnews.net/sosland/fbn/2010_07_06
http://digital.foodbusinessnews.net/sosland/fbn/2010_06_22
http://digital.foodbusinessnews.net/sosland/fbn/2010_06_08
http://digital.foodbusinessnews.net/sosland/fbn/2010_05_25
http://digital.foodbusinessnews.net/sosland/fbn/2010_05_11
http://digital.foodbusinessnews.net/sosland/fbn/2010_04_27
http://digital.foodbusinessnews.net/sosland/fbn/2010_04_13
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_30
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_16
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_02
http://digital.foodbusinessnews.net/sosland/fbn/2010_02_16
http://digital.foodbusinessnews.net/sosland/fbn/2010_02_02
http://digital.foodbusinessnews.net/sosland/fbn/2010_01_19
http://digital.foodbusinessnews.net/sosland/fbn/2010_01_05
http://digital.foodbusinessnews.net/sosland/fbn/2009_12_22
http://digital.foodbusinessnews.net/sosland/fbn/2009_12_08
http://digital.foodbusinessnews.net/sosland/fbn/2009_11_24
http://digital.foodbusinessnews.net/sosland/fbn/2009_11_10
http://digital.foodbusinessnews.net/sosland/fbn/2009_10_27
http://digital.foodbusinessnews.net/sosland/fbn/2009_10_13
http://digital.foodbusinessnews.net/sosland/fbn/2009_09_29
http://digital.foodbusinessnews.net/sosland/fbn/2009_09_15
http://digital.foodbusinessnews.net/sosland/fbn/2009_08_18
http://digital.foodbusinessnews.net/sosland/fbn/2009_08_04
http://digital.foodbusinessnews.net/sosland/fbn/2009_07_21
http://digital.foodbusinessnews.net/sosland/fbn/2009_07_07
http://digital.foodbusinessnews.net/sosland/fbn/2009_06_23
http://digital.foodbusinessnews.net/sosland/fbn/2009_06_09
http://digital.foodbusinessnews.net/sosland/fbn/2009_05_26
http://digital.foodbusinessnews.net/sosland/fbn/2009_05_12
http://digital.foodbusinessnews.net/sosland/fbn/2009_04_28
http://digital.foodbusinessnews.net/sosland/fbn/2009_04_14
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_31
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_17
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_03
http://digital.foodbusinessnews.net/sosland/fbn/2009_02_17
http://digital.foodbusinessnews.net/sosland/fbn/2009_02_03
http://digital.foodbusinessnews.net/sosland/fbn/2009_01_20
http://digital.foodbusinessnews.net/sosland/fbn/2009_01_06
http://digital.foodbusinessnews.net/sosland/fbn/2008_12_23
http://digital.foodbusinessnews.net/sosland/fbn/2008_12_09
http://digital.foodbusinessnews.net/sosland/fbn/2008_11_25
http://digital.foodbusinessnews.net/sosland/fbn/2008_11_11
http://digital.foodbusinessnews.net/sosland/fbn/2008_10_28
http://digital.foodbusinessnews.net/sosland/fbn/2008_10_14
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