The market closed the week on a very quiet tone with no changes or trading reported. Many are reconfiguring their first quarter expectations due to a continued lack of nearby demand at higher prices, sinking RIN values and slower than expected run rates at some biofuel facilities.
For the week the market was largely unchanged. Packer BFT, CWG FOB Mo. River, YG FOB Mo. River and DCO FOB Mo. River were flat with the prior week’s average. Trading was done in those markets this week, but at steady prices.
Soybean oil prices fell 0.4 percent from last week’s average, but concerning to some of the sellers in the market, was the fall from Monday’s surge up to 48.16 cts/lb on the March contract to a close of 46.53 cts/lb yesterday, up slightly today to 46.93 cts/lb.

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