Heating oil prices edged higher on Wednesday following the release of the Department of Energy’s inventory report. Prices tested support levels near 1.59, but were unable to capture the 20-day moving average at 1.6025. Momentum seems to have turned positive, but traders should be leery of upward price movements given the bearish fundamentals.
OECD inventories rose counter-seasonally by…
02.27.2025
CWG prices fall; broader animal fats markets steady
The US animal fats and oils markets were steady on Thursday, February 27 on slowing month-end activity, while sentiment remained under pressure from macro factors, including weaker soybean oil...
02.27.2025
Bloodmeal prices jump on limited spot supply
Ruminant bloodmeal traded higher on Thursday February 27, up to $1,425 per short ton FOB Missouri River and Texas Panhandle.
Strong demand in a tight spot supply market...
02.27.2025
High feedstock cost continues squeezing European biofuel production margins
European biofuel feedstock prices remained broadly stable in the week to Thursday February 27, applying additional pressure on biofuel production margins, with the spread between used cooking oil (UCO)...