12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
Trading was mostly quiet today with few changes reported. Choice white grease continues to trade at steady levels out of the Missouri River market, 25 – 26 cents FOB. There has been light volume at 24 and 24.5. With the additional supply coming into the market from the increased production it’s reasonable to expect down pressure to continue on the near term. The corn market also suggests lower prices, the prior three-year average for November Missouri River relative price to corn is 323 percent, which would be just under 24 cents per pound. With that stated,…