Crude Corn Oil Cash Market Extends Slide

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Crude Corn Oil Cash Market Extends Slide

Crude corn oil price indications in the Midwest cash market dropped this week. Assessments rolled back to the upper 50s cts/lb FOB, with a deal reported as high as 60 cts/lb FOB. This was down from a bid/ask range of 62-64 cts/lb FOB previously. In the last month, values for Midwest crude corn oil are down 8 cts/lb, or about 12 percent. 

Over the last few weeks, soybean oil and other vegetable oil markets have been crumbling, with demand in the U.S. interior...

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