Market Activity

Three cars of packer BFT were offered out at $0.2500 this afternoon with no trading reported as of press time. Sources reported that coming off of the NBB and it being later on a Friday afternoon, buyers were hard to locate. Packer BFT now sits at 76.2% of the price of nearby soybean oil and 81.2% month to date. The relative price is below the Jan 2017 and 2015 – 2017 average, but above the 2016 mark of 76.4%. The relative price to soybean oil typically picks up in…