Market Activity

Trading was quiet today with little action reported. Sources in the tallow market commented that the recent rise in both bean oil and palm should chase away the negative tones that had been in the market last week. Palm stearin was up $12.50/MT out of Malaysia overnight. At $722.50, Malaysian palm stearin is at 122% of Chicago BFT. When the price of palm gets well above the 100% mark, demand for exports typically increases. The BFT market, however, has seen some…