Market Activity

Trading in the fat market was very quiet today with little action reported. Heavy formula volume was reported for tallow for the March position. Spot/cash trading was quiet.

Corn oil trading was done lower FOB Mo. River with $0.1925 trading on the bottom side of the range. There was light volume reported in the spot market out of the IN/OH market at $0.2000 FOB.  Prices remain under pressure due to a lack of demand in the nearby market and for forward…