Weekly Winners & Losers
A Winner!
Thanks to Ted Seifried of Zaner Ag Hedge for having me on AgriTalk Friday afternoon, while he guest hosted for Chip.
The last half of the episode is a must-listen as we dive into what I view as the biggest takeaways from last week’s shocker RVO and other policy implications on markets.
Diesel and soybean oil remain on a hot streak as Middle East conflict provides support for energy markets while the recent RVO proposal gave soybean oil a shot in the arm.
In the last five days of trade (includes Jun 13 when conflict erupted and RVO release), diesel futures are up 15% and bean oil has gained 14.4%.
Month-to-date percentage change chart for Brent crude (white) and soybean oil (blue):
Zooming in on the days immediately before and after the RVO release, it is easy to see palm oil (pink) following bean oil higher (blue):
A pricey palm market and cheap U.S. bean oil fueled a big rebound in 2024/25 exports, but that’s about to change fast.
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