Market Activity

Trading was mostly sideways today after yesterday’s drops. Heavy production looks to keep pressure on the market, particularly the lower grades. BFT continues to trade at steady values with more packer reported at $0.2300 Chicago late yesterday, four rail cars for the 30 day market.

Corn oil trading moved lower out of the Mo. River market with action seen as low as $0.2350. Production was off last week with the EIA estimating 1.015 million bbl/day. Corn oil…