Crude rallied over a dollar per barrel to $53.29 and looks ready to test recent resistance at just over $54 per barrel. HO was caught in the updraft gaining nearly 2 cents per gallon. A weaker US Dollar helped support commodities as soybean oil also moved higher, adding 26 ticks to 31.30 cents per pound. The moves higher in HO and SBO canceled one another out leaving the bean oil/heating oil spread at 50 cents per gallon.
RINs were…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...