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Soybean Oil Rally Continues

Tore Alden | 01.26.2021 | Jacobsen

Vegetable oil prices rose as the rebound rally in oilseed markets continued on Tuesday. Soybean oil futures gained about 2 1/4 percent on the move higher in the soybean market, while palm oil rose a little less than one percent. The rally in soybean oil, which more than offset concerns about falling demand after bearish cargo surveyor data, drove palm oil gains. The relative gains drove the spread between soybean oil and palm oil wider, with the May contracts…

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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.

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Soybean Oil Rally Continues

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