US animal fats and oils prices finished the day largely unchanged on Wednesday October 9 amid limited trade, sources told Fastmarkets.
Overall market sentiment reflects cautious buying behavior, with many participants holding off on purchases, expecting further developments to provide more clarity as the market approaches the end of the year.
In the distiller’s corn oil (DCO) market, material traded at stable prices across most FOB Midwest markets, although the FOB Missouri River market registered a slight decline.
Sources suggested that much of the open demand appears to be booked through November, although some hesitancy remains from fuel buyers to commit to December and beyond.
Little trading was observed in the Gulf, although bids across nearly all markets continued to trend lower.
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