Food Business News - April 14, 2020 - 47

.

.
.
y.

Edible Oils
Bookings of edible fats and oils were
limited last week. Prices were mixed.
Soybean oil prices were raised. Soybean oil futures advanced with soybean
futures while soybean meal futures
declined.
The cash basis on soybean oil
weakened as soybean crushing margins
contracted. Demand for soybean oil for
use in biodiesel manufacturing slumped.
Basis coverage for the third quarter was
pegged at about 55%.
Soybean oil contracts extended
about 50 days on average. No significant
additional flat coverage was taken. There
was considerable confusion among buyers regarding their ownership positions.
Coverage currently estimated at about 50
days may last buyers 60 days in the event
of eroding demand for their products.
Uncertainty was greatest among buyers
providing oils to the foodservice sector.
One merchandiser pointed to some order
cancellations by re-packers with foodservice clients.
The USDA on April 9 lowered its
forecast for soybean oil used in the
manufacture of biodiesel in 2019-20 by
300 million lbs, to 7,700 million lbs.
Corn oil prices advanced. Availability was the issue. Corn processing
for ethanol has dropped sharply, which
crimped the production of corn oil. Gasoline usage in the United States thus far
in April was said to be down about 46%

from early March. Many ethanol plants
have closed, and more were expected
to close, at least for the duration of the
pandemic.
Palm oil prices edged lower. Malaysian
production was reduced because of temporary plantation closings associated with the
coronavirus pandemic. At the same time,
export demand slumped with India, the
world's largest edible oil importer, midway
through a month-long lockdown.
The premium to soybean oil futures
asked for refined canola oil in the
Midwest widened to 6½¢ a lb. The larger
spread was attributed to Chinese purchases of Canadian canola seed.
The USDA indicated net export sales
of soybean oil for delivery in 2019-20 during the week ended April 2 totaled 25,100
tonnes. Net export sales of soybeans for
delivery in the current marketing year
during the same week totaled 523,500
tonnes, down 36% from the previous
week and down 25% from the prior fourweek average. FBN

Spot soybean oil
Decatur, Ill., bulk cents per lb
36.00
34.00
32.00
30.00
28.00
26.00

You won't
believe it's

A

J

O
Previous Year

J
Current Year

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

Apr. 10
close
27.41
27.76
27.93
28.10
28.25
28.57

- Change from -
Apr. 3
Mar. 27
+.98
+.56
+1.01
+.54
+1.02
+.54
+1.03
+.54
+1.02
+.54
+1.01
+.50

Year
ago
28.95
29.28
29.44
29.60
29.74
30.04

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

Decatur, Ill.
27.41 @ 27.91
27.41 @ 27.91
27.59 @ 28.09
28.26 @ 28.76
28.43 @ 28.93
28.60 @ 29.10
28.75 @ 29.25

Western points
26.41 @26.91
26.41 @26.91
26.59 @27.09
27.76 @28.26
27.93 @28.43
28.10 @28.60
28.25 @28.75

Edible oils
Bulk, cents per lb

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

Apr.10

- Change from - Year
Apr. 3 Mar. 27 ago

28.00
32.00

+.50
-2.00

+.25
-2.00

29.00
31.25

34.50

-1.00

-1.00

32.00

37.50

+1.00

+1.25

37.50

31.50

-.25

+.50

28.50

61.00
41.00

+1.00
-

+1.00
-

58.00
34.00

59.50
40.00

-
+3.25

-.50
+3.25

65.00
29.75

76.00

-

-

51.00

34.00

+1.25

+1.00

35.75

100% Nut-Free
Nut Analogs.
All the taste, texture, crunch,
and eye appeal of a nut, without
any of the hassles. Call us at
844-899-8070 to get samples
and taste them for yourself.

d
.

www.inclusiontech.com
April 14, 2020

046_FBN_April14_20.indd
INCtech_believe_i.indd
1 47

Food Business News

47

4/13/2020
11:22:28 AM
AM
6/6/2019 10:18:42


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Food Business News - April 14, 2020

Table of Contents for the Digital Edition of Food Business News - April 14, 2020

Food Business News - April 14, 2020 - 1
Food Business News - April 14, 2020 - 1
Food Business News - April 14, 2020 - 2
Food Business News - April 14, 2020 - 3
Food Business News - April 14, 2020 - 4
Food Business News - April 14, 2020 - 5
Food Business News - April 14, 2020 - 6
Food Business News - April 14, 2020 - 7
Food Business News - April 14, 2020 - 8
Food Business News - April 14, 2020 - 9
Food Business News - April 14, 2020 - 10
Food Business News - April 14, 2020 - 11
Food Business News - April 14, 2020 - 12
Food Business News - April 14, 2020 - 13
Food Business News - April 14, 2020 - 14
Food Business News - April 14, 2020 - 15
Food Business News - April 14, 2020 - 16
Food Business News - April 14, 2020 - 17
Food Business News - April 14, 2020 - 18
Food Business News - April 14, 2020 - 19
Food Business News - April 14, 2020 - 20
Food Business News - April 14, 2020 - 21
Food Business News - April 14, 2020 - 22
Food Business News - April 14, 2020 - 23
Food Business News - April 14, 2020 - 24
Food Business News - April 14, 2020 - 25
Food Business News - April 14, 2020 - 26
Food Business News - April 14, 2020 - 27
Food Business News - April 14, 2020 - 28
Food Business News - April 14, 2020 - 29
Food Business News - April 14, 2020 - 30
Food Business News - April 14, 2020 - 31
Food Business News - April 14, 2020 - 32
Food Business News - April 14, 2020 - 33
Food Business News - April 14, 2020 - 34
Food Business News - April 14, 2020 - 35
Food Business News - April 14, 2020 - 36
Food Business News - April 14, 2020 - 37
Food Business News - April 14, 2020 - 38
Food Business News - April 14, 2020 - 39
Food Business News - April 14, 2020 - 40
Food Business News - April 14, 2020 - 41
Food Business News - April 14, 2020 - 42
Food Business News - April 14, 2020 - 43
Food Business News - April 14, 2020 - 44
Food Business News - April 14, 2020 - 45
Food Business News - April 14, 2020 - 46
Food Business News - April 14, 2020 - 47
Food Business News - April 14, 2020 - 48
Food Business News - April 14, 2020 - 49
Food Business News - April 14, 2020 - 50
Food Business News - April 14, 2020 - 51
Food Business News - April 14, 2020 - 52
Food Business News - April 14, 2020 - 53
Food Business News - April 14, 2020 - 54
Food Business News - April 14, 2020 - 55
Food Business News - April 14, 2020 - 56
Food Business News - April 14, 2020 - 57
Food Business News - April 14, 2020 - 58
Food Business News - April 14, 2020 - 59
Food Business News - April 14, 2020 - 60
Food Business News - April 14, 2020 - 61
Food Business News - April 14, 2020 - 62
Food Business News - April 14, 2020 - 63
Food Business News - April 14, 2020 - 64
http://digital.foodbusinessnews.net/sosland/fbn/2020_09_15
http://digital.foodbusinessnews.net/sosland/fbn/2020_09_01
http://digital.foodbusinessnews.net/sosland/fbn/2020_08_18
http://digital.foodbusinessnews.net/sosland/fbn/2020_08_04
http://digital.foodbusinessnews.net/sosland/fbn/2020_07_21
http://digital.foodbusinessnews.net/sosland/fbn/2020_07_07
http://digital.foodbusinessnews.net/sosland/fbn/2020_06_23
http://digital.foodbusinessnews.net/sosland/fbn/2020_06_09
http://digital.foodbusinessnews.net/sosland/fbn/2020_05_26
http://digital.foodbusinessnews.net/sosland/fbn/2020_05_12
http://digital.foodbusinessnews.net/sosland/fbn/2020_04_28
http://digital.foodbusinessnews.net/sosland/fbn/2020_04_14
http://digital.foodbusinessnews.net/sosland/fbn/2020_03_31
http://digital.foodbusinessnews.net/sosland/fbn/2020_03_17
http://digital.foodbusinessnews.net/sosland/fbn/2020_03_03
http://digital.foodbusinessnews.net/sosland/fbn/2020_02_18
http://digital.foodbusinessnews.net/sosland/fbn/2020_02_04
http://digital.foodbusinessnews.net/sosland/fbn/2020_01_21
http://digital.foodbusinessnews.net/sosland/fbn/fbn/2020_01_07
http://digital.foodbusinessnews.net/sosland/fbn/2019_12_24
http://digital.foodbusinessnews.net/sosland/fbn/2019_12_10
http://digital.foodbusinessnews.net/sosland/fbn/2019_11_26
http://digital.foodbusinessnews.net/sosland/fbn/2019_11_12
http://digital.foodbusinessnews.net/sosland/fbn/2019_10_29
http://digital.foodbusinessnews.net/sosland/fbn/2019_10_15
http://digital.foodbusinessnews.net/sosland/fbn/2019_10_01
http://digital.foodbusinessnews.net/sosland/fbn/2019_09_17
http://digital.foodbusinessnews.net/sosland/fbn/2019_09_03
http://digital.foodbusinessnews.net/sosland/fbn/2019_08_20
http://digital.foodbusinessnews.net/sosland/fbn/2019_08_06
http://digital.foodbusinessnews.net/sosland/fbn/2019_07_23
http://digital.foodbusinessnews.net/sosland/fbn/2019_07_09
http://digital.foodbusinessnews.net/sosland/fbn/2019_06_25
http://digital.foodbusinessnews.net/sosland/fbn/2019_06_11
http://digital.foodbusinessnews.net/sosland/fbn/2019_05_28
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
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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
https://www.nxtbook.com/sosland/fbn/2018_03_06
https://www.nxtbook.com/sosland/fbn/2018_02_20
https://www.nxtbook.com/sosland/fbn/2018_02_06
https://www.nxtbook.com/sosland/fbn/2018_01_23
https://www.nxtbook.com/sosland/fbn/2018_01_09
https://www.nxtbook.com/sosland/fbn/2017_12_26
https://www.nxtbook.com/sosland/fbn/2017_12_12
https://www.nxtbook.com/sosland/fbn/2017_11_28
https://www.nxtbook.com/sosland/fbn/2017_11_14
https://www.nxtbook.com/sosland/fbn/2017_10_31
https://www.nxtbook.com/sosland/fbn/2017_10_17
https://www.nxtbook.com/sosland/fbn/2017_10_03
https://www.nxtbook.com/sosland/fbn/2017_09_19
https://www.nxtbook.com/sosland/fbn/2017_09_05
https://www.nxtbook.com/sosland/fbn/2017_08_22
https://www.nxtbook.com/sosland/fbn/2017_08_08
https://www.nxtbook.com/sosland/fbn/2017_07_25
https://www.nxtbook.com/sosland/fbn/2017_07_11
https://www.nxtbook.com/sosland/fbn/2017_06_27
https://www.nxtbook.com/sosland/fbn/2017_06_13
https://www.nxtbook.com/sosland/fbn/2017_05_30
https://www.nxtbook.com/sosland/fbn/2017_05_16
https://www.nxtbook.com/sosland/fbn/2017_05_02
https://www.nxtbook.com/sosland/fbn/2017_04_18
https://www.nxtbook.com/sosland/fbn/2017_04_04
https://www.nxtbook.com/sosland/fbn/2017_03_21
https://www.nxtbook.com/sosland/fbn/2017_03_07
https://www.nxtbook.com/sosland/fbn/2017_02_21
https://www.nxtbook.com/sosland/fbn/2017_02_07
https://www.nxtbook.com/sosland/fbn/2017_01_24
https://www.nxtbook.com/sosland/fbn/2017_01_10
https://www.nxtbook.com/sosland/fbn/2016_12_27
https://www.nxtbook.com/sosland/fbn/2016_12_13
https://www.nxtbook.com/sosland/fbn/2016_11_29
https://www.nxtbook.com/sosland/fbn/2016_11_15
https://www.nxtbook.com/sosland/fbn/2016_11_01
https://www.nxtbook.com/sosland/fbn/2016_10_18
https://www.nxtbook.com/sosland/fbn/2016_10_04
https://www.nxtbook.com/sosland/fbn/2016_09_20
https://www.nxtbook.com/sosland/fbn/2016_09_06
https://www.nxtbook.com/sosland/fbn/2016_08_23
https://www.nxtbook.com/sosland/fbn/2016_08_09
https://www.nxtbook.com/sosland/fbn/2016_07_26
https://www.nxtbook.com/sosland/fbn/2016_07_12
https://www.nxtbook.com/sosland/fbn/2016_06_28
https://www.nxtbook.com/sosland/fbn/2016_06_14
https://www.nxtbook.com/sosland/fbn/2016_05_31
https://www.nxtbook.com/sosland/fbn/2016_05_17
https://www.nxtbook.com/sosland/fbn/2016_05_03
https://www.nxtbook.com/sosland/fbn/2016_04_19
https://www.nxtbook.com/sosland/fbn/2016_04_05
https://www.nxtbook.com/sosland/fbn/2016_03_22
https://www.nxtbook.com/sosland/fbn/2016_03_08
https://www.nxtbook.com/sosland/fbn/2016_02_23
https://www.nxtbook.com/sosland/fbn/2016_02_09
https://www.nxtbook.com/sosland/fbn/2016_01_26
https://www.nxtbook.com/sosland/fbn/2016_01_12
https://www.nxtbook.com/sosland/fbn/2015_12_29
https://www.nxtbook.com/sosland/fbn/2015_12_15
https://www.nxtbook.com/sosland/fbn/2015_12_01
https://www.nxtbook.com/sosland/fbn/2015_11_17
https://www.nxtbook.com/sosland/fbn/2015_11_03
https://www.nxtbook.com/sosland/fbn/2015_10_20
https://www.nxtbook.com/sosland/fbn/2015_10_06
https://www.nxtbook.com/sosland/fbn/2015_09_22
http://digital.foodbusinessnews.net/sosland/fbn/09_08_2015
https://www.nxtbook.com/sosland/fbn/2015_08_25
https://www.nxtbook.com/sosland/fbn/2015_08_11
https://www.nxtbook.com/sosland/fbn/2015_07_28
https://www.nxtbook.com/sosland/fbn/2015_07_14
https://www.nxtbook.com/sosland/fbn/2015_06_30
https://www.nxtbook.com/sosland/fbn/2015_06_16
https://www.nxtbook.com/sosland/fbn/2015_06_02
https://www.nxtbook.com/sosland/fbn/2015_05_19
https://www.nxtbook.com/sosland/fbn/2015_05_05
https://www.nxtbook.com/sosland/fbn/2015_04_21
https://www.nxtbook.com/sosland/fbn/2015_04_07
https://www.nxtbook.com/sosland/fbn/2015_03_24
https://www.nxtbook.com/sosland/fbn/2015_03_10
https://www.nxtbook.com/sosland/fbn/fbn/2015_02_24
https://www.nxtbook.com/sosland/fbn/2015_02_10
https://www.nxtbook.com/sosland/fbn/2015_01_27
https://www.nxtbook.com/sosland/fbn/2015_01_13
https://www.nxtbook.com/sosland/fbn/2014_12_30
https://www.nxtbook.com/sosland/fbn/2014_12_16
https://www.nxtbook.com/sosland/fbn/2014_12_02
https://www.nxtbook.com/sosland/fbn/2014_11_18
https://www.nxtbook.com/sosland/fbn/2014_11_04
https://www.nxtbook.com/sosland/fbn/2014_10_21
https://www.nxtbook.com/sosland/fbn/2014_10_07
https://www.nxtbook.com/sosland/fbn/2014_09_23
https://www.nxtbook.com/sosland/fbn/2014_09_09
https://www.nxtbook.com/sosland/fbn/2014_08_26
https://www.nxtbook.com/sosland/fbn/2014_08_12
https://www.nxtbook.com/sosland/fbn/2014_07_29
https://www.nxtbook.com/sosland/fbn/2014_07_15
https://www.nxtbook.com/sosland/fbn/2014_07_01
https://www.nxtbook.com/sosland/fbn/2014_06_17
https://www.nxtbook.com/sosland/fbn/2014_06_03
https://www.nxtbook.com/sosland/fbn/2014_05_20
https://www.nxtbook.com/sosland/fbn/2014_05_06
https://www.nxtbook.com/sosland/fbn/2014_04_22
https://www.nxtbook.com/sosland/fbn/2014_04_08
https://www.nxtbook.com/sosland/fbn/2014_03_25
https://www.nxtbook.com/sosland/fbn/2014_03_11
https://www.nxtbook.com/sosland/fbn/2014_02_25
https://www.nxtbook.com/sosland/fbn/2014_02_11
https://www.nxtbook.com/sosland/fbn/2014_01_28
https://www.nxtbook.com/sosland/fbn/2014_01_14
https://www.nxtbook.com/sosland/fbn/2013_12_31
https://www.nxtbook.com/sosland/fbn/2013_12_17
https://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
https://www.nxtbook.com/sosland/fbn/2013_07_16
https://www.nxtbook.com/sosland/fbn/2013_07_02
https://www.nxtbook.com/sosland/fbn/2013_06_18
https://www.nxtbook.com/sosland/fbn/2013_06_04
https://www.nxtbook.com/sosland/fbn/2013_05_21
https://www.nxtbook.com/sosland/fbn/2013_05_07
https://www.nxtbook.com/sosland/fbn/2013_04_23
https://www.nxtbook.com/sosland/fbn/2013_04_09
https://www.nxtbook.com/sosland/fbn/2013_03_26
https://www.nxtbook.com/sosland/fbn/2013_03_12
https://www.nxtbook.com/sosland/fbn/2013_02_26
https://www.nxtbook.com/sosland/fbn/2013_02_12
https://www.nxtbook.com/sosland/fbn/2013_01_29
https://www.nxtbook.com/sosland/fbn/2013_01_15
https://www.nxtbook.com/sosland/fbn/2013_01_01
https://www.nxtbook.com/sosland/fbn/2012_12_18
https://www.nxtbook.com/sosland/fbn/2012_12_04
https://www.nxtbook.com/sosland/fbn/2012_11_20
https://www.nxtbook.com/sosland/fbn/2012_11_06
https://www.nxtbook.com/sosland/fbn/2012_10_23
https://www.nxtbook.com/sosland/fbn/2012_10_09
https://www.nxtbook.com/sosland/fbn/2012_09_25
https://www.nxtbook.com/sosland/fbn/2012_09_11
https://www.nxtbook.com/sosland/fbn/2012_08_28
https://www.nxtbook.com/sosland/fbn/2012_08_14
https://www.nxtbook.com/sosland/fbn/2012_07_31
https://www.nxtbook.com/sosland/fbn/2012_07_17
https://www.nxtbook.com/sosland/fbn/2012_07_03
https://www.nxtbook.com/sosland/fbn/2012_06_19
https://www.nxtbook.com/sosland/fbn/2012_06_05
https://www.nxtbook.com/sosland/fbn/2012_05_22
https://www.nxtbook.com/sosland/fbn/2012_05_08
https://www.nxtbook.com/sosland/fbn/2012_04_24
https://www.nxtbook.com/sosland/fbn/2012_04_10
https://www.nxtbook.com/sosland/fbn/2012_03_27
https://www.nxtbook.com/sosland/fbn/2012_03_13
https://www.nxtbook.com/sosland/fbn/2012_02_28
https://www.nxtbook.com/sosland/fbn/2012_02_14
https://www.nxtbook.com/sosland/fbn/2012_01_31
https://www.nxtbook.com/sosland/fbn/2012_01_17
https://www.nxtbook.com/sosland/fbn/2012_01_03
https://www.nxtbook.com/sosland/fbn/2011_12_20
https://www.nxtbook.com/sosland/fbn/2011_12_06
https://www.nxtbook.com/sosland/fbn/2011_11_22
https://www.nxtbook.com/sosland/fbn/2011_11_08
https://www.nxtbook.com/sosland/fbn/2011_10_25
https://www.nxtbook.com/sosland/fbn/2011_10_11
https://www.nxtbook.com/sosland/fbn/2011_09_27
https://www.nxtbook.com/sosland/fbn/2011_09_13
https://www.nxtbook.com/sosland/fbn/2011_08_30
https://www.nxtbook.com/sosland/fbn/2011_08_16
https://www.nxtbook.com/sosland/fbn/2011_08_02
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