Market Activity

Sixteen cars of packer BFT traded at $0.2600 Chicago this afternoon. Interest for Dec material was shown at $0.2500 Chicago early in the day, but offers were out higher than $0.2600 and as of press time no trading was reported. Choice white grease traded at $0.2400 Chicago, eight rail cars total with six falling within the 30 day window.

At $0.2600 packer BFT is currently sitting at 74% of the price of nearby soybean oil. Give the market is 4 points under…