Market Activity

Trading was mostly steady today with few changes reported. There remains plenty of bearish sentiment in the market due to a lack of a biodiesel tax credit, but trading was mostly sideways today. Yellow grease did trade lower into the Carolinas, $0.2500 -0.2600 delivered. Midwestern prices, i.e. Illinois and Mo. River have been supported by a favorable relative price to corn and higher priced feed fats in the surrounding markets. It’s reasonable to expect those…