Cooking Oil
Corn ethanol demand and stronger oilseed processing continue supporting domestic markets for crop producers.
March crush data showed stronger soybean and canola processing, but softer animal fat production.
Strong demand persists despite short-term price pressure.
Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.
Strong crush margins — now at multi-year highs — are encouraging processors to expand production.
Policy clarity will determine the trajectory of soybean crush demand, but producers in Kansas have shown that expanding local crush capacity strengthens basis and marketing options.
Crush demand is supporting soybeans despite biofuel uncertainty.
India trade tensions may affect the U.S. export outlook.
Big oils-and-fats volumes can support crush demand, but fuel markets can quickly tighten supplies.
Strong supplies and rising stocks point to continued price pressure unless demand accelerates.