Market Activity

June started on a quiet step with limited action seen today. Yellow grease was reported sideways out of the Illinois market into the feed sector and steady into a number of biodiesel facilities. Sources reported that at $0.3000 – 0.3100 delivered, bio demand is very strong for June yellow grease.

Corn oil trading was quiet this afternoon. EIA estimates showed an uptick in ethanol production last week to 1.02 mil bbl/day. Corn oil estimates are up 1% compared…