Production in the United States continues to decline, as rigs come off line. The Baker Hughes rig count has been declining for most of 2016, showing the rigs continue to come off line, as high risk producers curtail their production business. High debt and leverage have placed many producers of oil at risk, but the recent surge in prices could give many of these exploration companies a reprieve. It…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...