Vegetable oil markets support soybeans. March 23, 2021

Soybean oil pushed to new contract highs yesterday and today. Soybeans did post a higher trade today but it was 11 3/4 cents off the day's high for the May. We are happy to hear about good demand news but are not sure if it is time to start pricing in hopes for a new energy policy just yet. Also, the trade is likely wanting to sit in neutral now until Tuesday's reports.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.