Market Activity

Corn oil prices moved higher today as good demand is meeting a market seeing nearby supply tightness.

Mo. River yellow grease prices took a dive last week, falling to a low of $0.1850 FOB. The nearby market is heavy with material, both yellow grease and premium grades, and this has pushed values lower. It’s reasonable to think that prices are at or near a bottom given the wide spread to Mo. River CWG, currently at $0.0325 lb and the favorable relative price…