Distillers Corn Oil Prices Remain Well Supported

Distillers Corn Oil Prices Remain Well Supported

The market was fairly quiet today with the annual AFOA meeting underway on a virtual format this year. Three cars of renderer BFT traded steady on a Chicago basis today. CWG was also steady in limited volume.

Distillers corn oil prices remain well supported from strong demand from the renewable and feed sectors. The Missouri River DCO market closed September with a relative price to soybean oil of 84 percent, right in line with the prior three year average. The prior three year average for October is 78 percent, which suggests a price of just under 26.5 cents FOB. A tighter production year,…

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