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Analyst Expects A Rally For Soybean Oil

Analyst Expects A Rally For Soybean Oil

By Larry Lee

A global market analyst is expecting better prices for soybean oil soon.  Dan Basse with AgResource Company tells Brownfield soybean oil prices have likely bottomed out. “We kind of think that the oil or vegetable oil markets are making some important bottoms, both canola in Canada, soybean oil in the United States, and we’ll see a rally that starts after the stocks and seedings report that will probably take us to the end of the year.”

Basse says he’s expecting significantly higher prices for soybeans and soybean products. “Today, you think about soybeans, soybean meal, soybean oil. Altogether, it’s a flat price environment and we believe that the soybean market needs to go back above $16.00 sometime in the future just to make sure we have enough going into new crops globally.”

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The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.