06.06.2023
Higher SBO Market Sparks Boost in Offer Prices
Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high...
Market activity was dull again on Tuesday, with few price indications and or deals reported. Many sources were attending the Jacobsen Biofuels and Feedstock Conference in Chicago.
In addition to this, benchmark soybean oil futures crumbled again, which left many participants willinging sitting on the sidelines. On the CME, the most widely traded soybean oil futures contract (July) ended the session below 48 cents per pound at 47.45 cents per pound, down a whopping 224 basis points per pound, or 4.5 percent.
Distiller’s corn oil (DCO) traded early in the day at…