Overall, the market was quiet today with few changes reported. Distiller’s corn oil (DCO) was lower into the Manly, IA market but higher on an FOB basis for nearby shipments. Prices are supported by widespread demand and on higher soybean oil futures prices.
Tallow traded into the Gulf today at a higher price, 60 cts/lb delivered. UCO indications were higher as well for the spot and forward positions.
Again, most seem to be waiting for the RVO release before doing a lot of trading, but the early indications are that there is some bullishness in the expectations. An informal poll by The Jacobsen and Energy Census today found that many are expecting a flat RVO with the elimination of the e-RIN provision, but at least one participant expects as much as a 500-million-gallon increase. We will provide further insight in the coming days.
US Fat Exports

…