05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Trading in the spot, nearby market was non existent today. Sources have reported that biodiesel interest for January is popping up and buyers are quietly sourcing material for the nearby position. Corn oil trading was reported late Friday, $0.2350 FOB Mo. River and $0.2400 FOB Indiana for the 60 day position
Heating oil was off by $0.11/gal last week hitting a multi year low at $1.1198/gal. The spread to fats was a record low as well,…