Crude oil prices moved through resistance levels on Friday following a report from the International Energy Agency that said that prices may have “bottomed out”. The energy body still said, however, that it will take until 2017 for demand and supply to find better equilibrium, and that any potential agreement among oil producers to freeze supplies was unlikely to impact until the second half of 2016. On the demand side, the IEA…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...