Choice white grease trading was reported in a range of 33-34 FOB Mo. River today and higher out of the Carolinas market as well. Sources indicated light volume as high as 35 cts/lb, but the bulk of trading was done within the printed range. 

Outside of the choice white grease market, trading was very quiet. There were lower bids reported for distiller’s corn oil (DCO), especially for trucks on an FOB basis. 

The EPA released EMTS data today showing another big month of D4 RIN generation which weighed on RIN prices this afternoon. D4 RINS are off nearly 40 percent from four weeks ago. 

Trading in the Chicago market was quiet and if today’s negativity in the RIN market continues, the rally over the last week may fizzle out. For 44 weeks in 2023 Chicago packer BFT traded at a premium to RBD palm oil in the US market, with the spread as wide as 24.5 cts/lb for the week ending September 22nd, 2023.

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