04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Market Activity
Packer BFT was offered at $0.2950 Chicago this afternoon with sellers reporting no interest from the buy side. The story was the same for tech tallow, which was offered at $0.3050 Chicago with no interest shown.
CWG traded steady out of the Mo. River market.
Sources, for the most part, were calling the market very quiet and suggesting that buyers are hanging on the sidelines waiting for a bottom.
Weekly Review
Prices…