*Please note, Ryan Standard will be out of the office until July 10, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*

Following more active trading on Thursday, the animal fats and oils market was very quiet to end the holiday-shortened week. A handful of trades and price changes were reported on Friday. Three railcars of choice white grease traded up to 60 cts delivered Chicago.

Average prices for the week were generally higher, as soybean oil futures in Chicago staged an early week rally that saw August delivery futures climb to a six-month high on the spot continuation chart. Stronger crude oil prices, coupled with concerns over the weather and crop conditions in the U.S. Midwest growing region, drove the advance.

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