05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Market Activity
Ten cars of packer BFT traded at $0.2850 into the Gulf this afternoon. Sources had reported earlier in the day that buyers had been looking for Chicago material at steady money, but unable to find any offers. The Gulf trade will certainly give the bulls some lift as does the bean oil and palm stearin markets. Palm stearin values are up just over four cents over the last month and cash bean oil values are up just shy of three and a quarter. Packer BFT prices, in the…