Following weeks of inactivity, the corn oil cash market has started to perk up a bit, as participants set their sights on the third quarter. Trading still remains light, with the most recent spot deals talked in a range in the mid-50 cents per pound. At the end of 2022, buyers reportedly locked in extended contracts, for as long as six-months in some cases, or through the second quarter of this year. This factor, in turn, kept spot corn oil trading at a standstill and pressed on cash market prices for much of the first and second quarters. 

Figure 1.

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