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…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...