Market Activity

Tech tallow was again offered at $0.3000 Chicago with no buyers. There is pressure on the nearby market to move lower with buyers well bought for the spot position.

Ethanol production was off sharply last week, subdued by the polar vortex. At an average of 967 thousand bbl/day, production was the lowest number since the week ending October 7, 2016. DCO production dropped to 8.6 mil lbs/day, down 4.5% compared to the week prior. Prices are mostly steady on…