A weaker US dollar, rising crude oil prices, and cold weather throughout much of the Northeast helped to boost heating oil futures. HO futures jumped nearly 10 cents to $1.91 per gallon, their largest single day move since 11/28/14 when prices fell by nineteen cents per gallon. Despite rising soybean oil costs, up 0.26 to 32.01 cents per pound, the rise in HO was enough to send the bean oil/heating spread spiraling lower by 9 cents per…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...