Animal fats and oils trading in the US was mostly quiet on Wednesday October 2 despite a rebound in soybean oil futures on the Chicago Board of Trade (CBOT).
Choice white grease (CWG) moved lower throughout the day on an FOB basis in the Missouri River and Indiana markets. One source reported an increase in truck offers this week, attributing it to heightened activity from feed buyers.
For distillers’ corn oil (DCO), sources reported bids in the FOB Midwest markets for moderate truck volumes at 43.5-44 cents per lb but did not confirm any trades. Offers in the region were heard at the upper end of that range.
Sources reported slow activity in the DCO markets, with limited trades observed throughout the day despite soybean oil futures closing higher. The December CBOT contract settled at 43.63 cents per lb, up by 72 basis points from Tuesday October 1.
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