Market Activity

Six cars of packer BFT and three cars of renderer traded steady at $0.2950 and $0.3050 Chicago, respectively. There was a report of interest at $0.3350 Chicago for tech with no luck. Market fundamentalists continue to suggest that the market is overpriced relative to soybean oil and palm, but availability is reported as tight and buyers are willing to step in and pay steady prices. A slow start to the biodiesel year coupled with an anticipation of help from the…