Market Activity

Corn oil trading moved lower out of the IL/WI and IN/OH markets today. There was some light action as high as $0.2700 FOB IN/OH, but most of the trading has consolidated into the lower range. Despite some downtimes, sellers are running into headwinds for spot sales due to slow and shutdowns of some biodiesel plants. With the yellow grease and choice white markets seeing firmness, corn oil shouldn’t fall far before hitting a floor.

Figure 1.

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