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...
The organic soybean complex is in danger of experiencing upside momentum. Organic soybean prices are elevated, but activity is light because there is not a lot of product available. Organic soybean imports in March were light as expected. April should be similar.
A question for traders is how quickly India will be able to rebound from port closures. The “shelter in place” order sent workers from other countries home until it was safe to return and work was available….