Market Activity

Four cars of CWG traded at $0.2250 Chicago today. Outside of the CWG trade the market was very quiet.

Many have asked the question of, “have we hit bottom yet” throughout the week and looking at past ratios to both bean oil and corn, the answer should be yes. Choice white grease for December was at 58% of the price of nearby soybean oil and  308% of the price of nearby corn. The 58% ratio is the lowest since Dec of 2015, which was a year with tremendous…