Distiller’s corn oil (DCO) traded higher at 43 cents per lb delivered Manly, Iowa on Friday May 10, with trading also done at 41.5 cents per lb FOB Missouri River.

Rumors swirled on Friday of a pending tariff hike for Chinese used cooking oil (UCO), which increased some market participants bullish sentiment, but reported volumes were mostly nonexistent. The tariff is rumored to be increased to 20-24%, from the current 12% tariff. 

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