UCO, DCO prices inch higher while tallow markets face mixed signals
Many US animal fats and oils markets continued to strengthen on Thursday February 13, although some sources expressed mixed...
Author: Alexandra Watts
Recent uptick in refined soybean oil basis likely to stall: sources
This week’s push higher in basis indications for interior US refined, bleached and deodorized (RBD) soybean oil was expected to be short-lived, trading sources told Fastmarkets on Friday February 14.
In the week to Friday, the basis on prompt central Illinois RBD soyoil moved up to a premium of 200-300 basis points per lb FOB to March soybean oil futures in Chicago, compared with a premium of 150-200 basis points per lb to the underlying futures contract previously. At one point, offers for...
