Please Note – Ryan Standard will be out of the office July 26th – July 30th. In his absence, please contact Chloe Krimmel at [email protected] or 732.642.6302.
DCO showed unsettled tones as volatility in the soybean oil market remains noted by participants. Even with reports of active interst levels for fats and oils, most other trade reported for Wednesday held the previously set ranges. Technical Tallow witnessed a 1.5 cents per pound gain yesterday, increasing the monthly average to 64.75 cents per pound. This is 92 percent increase over the 3-year average.
Fig. 1
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Based on historical information from the last five years, the frequency of upmoves…
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