Distiller's Corn Oil (cts/lb) - US Gulf

The slowdown in animal fats demand was caused by various reasons, including the oversupply of feedstocks, cheap biofuels tickets and negative production margins, sources told Fastmarkets Wednesday.

The drop was influenced by high freight rates and an ongoing European Commission fraud investigation.

Fastmarkets has corrected its assessment of the AG-SYB-0022 Soybean FOB US PNW $/mt, which was published incorrectly on Wednesday August 21.