01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
OIL/MEAL SPREADING SUPPORTS SOYBEAN OIL FUTURES BUT PALM AND CANOLA PRICES CONTINUED TO MOVE LOWER
Soybean futures fell about 3/4 percent on Thursday, despite better-than-expected export sales data. Prices were pressured early in the session by technically-driven selling at the 10-day moving average. The selling intensified when the continuous nearby contract dropped below the psychologically-important $9-per-bushel…