Market Activity

Twenty cars each of packer and technical tallow traded into the Gulf today at $0.2450 and $0.3250, respectively. Chicago action has been quiet this week, but both bio and export have shown plenty of interest. The current ratio of Chicago BFT to Malaysian Palm Stearin is at 76% and 89.7% for the month. Historically, when the price of palm exceeds 100% of the price of Chicago BFT, exports increase. Today’s action would signal that the trading lanes are back open for…