01.24.2025
Renderer BFT trades higher to close out the week
Renderer grade bleachable fancy tallow (BFT) traded up to 50 cents per lb Chicago on Friday January 24 in a five-car trade.
Prices into the Gulf were higher as well,...
Heating Oil Consolidates Following Large Inventory Draw
Heating oil prices edged higher on Wednesday but continue to trade under pressure despite a larger than expected draw on crude oil inventories. Both the EIA and the API released data that showed the crude draw was robust. Hedge fund traders remain short crude oil despite little change in futures and options position according to the latest commitment of traders report.
According to the…