05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
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…