Market Activity

Outside of the distillers corn oil, the market was quiet enough today that someone in NY could’ve heard a feather hit the floor in a LA trading office. Trading interest was apathetic at best and sources were nonplus on direction. Many are still trying to figure out Tuesday’s rally and if indeed speculators are betting on a producers tax credit. It will be interesting to see how basis levels react in the coming weeks. Heating oil showed minor improvement today, but…