Mo. River CWG Market Plummets on Nearby Supply Pressure

Mo. River CWG Market Plummets on Nearby Supply Pressure

Choice white grease moved lower today with trucks trading as low as 62 cents per pound FOB Missouri River, there was trading at the high side of the range as well. Sources have indicated that some are struggling with rail car availability and are finding a truck market that is well-bought for the nearby market.

Yellow grease prices are higher into the Gulf for nearby and steady for April in a range of 72 – 72.5 delivered.

Used cooking oil prices remain steady, but there have been indications of nearby, quick-ship material available at a discount for buyers who can take immediate delivery.

Distillers corn oil trading was quiet today with bids reported in the low 70’s, but sellers were unwilling to offer lower. Ethanol production was estimated marginally lower at 1.026 million barrels per day by the EIA for last week. Stocks were estimated at 26.495 million barrels, the…

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