Technical tallow traded at 48 cents delivered into the Gulf market today. Tallow trading through the Chicago rail corridor was quiet, but the higher trade into the Gulf puts pressure on the Chicago market to move higher in the near term.

Spot prices in the distiller’s corn oil market moved higher today, trading in a range of 42 – 42.5 across much of the Midwestern market. Trading out of the NE/KS market is higher with additional demand pressuring that location more than the eastern locales. Values into feed are starting to get a bit toppy at 42.5 and feeders may start to include more corn in rations. Big demand from the renewable sector is likely to keep prices firm in the near term. There remains risk for continued tight supplies in the market basis limited gasoline demand. For last week, the EIA estimated gasoline demand at 326.3…