The overall market was fairly quiet today in terms of trading. The only price change was a ½ cent move for tallow in the Gulf market, up on indications at 41 cts/lb late yesterday. Offers continue to be heard into the Gulf at higher prices, up to 42 cts/lb delivered.

Bearish clouds are continuing to gather for the nearby market on persistent reports of weak demand and well-bought positions. Planned and unplanned downtime at some biofuel production facilities and plenty of supply on hand have contributed the negative tone. The fall in soybean oil and RIN prices have also contributed to the sentiment.

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