Farms.com Home   News

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.”

Click here to see more...

Trending Video

Higher Crude Oil Futures for Longer = Stagflation?

Video: Higher Crude Oil Futures for Longer = Stagflation?


Fears are starting to grow that higher crude oil futures for longer could see slower economic growth and higher inflation BUT…. At a meeting in Paris, the Chinese team said they would be willing to buy more non-U.S. soybean row crops???? Trump's delay with the Xi meeting (pushed out to end of April) was replaced with the Ag Appreciation Day” on March 27th, 2026. A dry weather pattern for the Central Plains/U.S. winter wheat country causing are wildfires in NE and breaking record temps for March. Stocks are officially in a correction as funds continue to sell the metals to buy energy and ag + more.