Heating oil prices rebounded on Wednesday mid-morning following an unexpected draw in crude oil inventories reported by the Energy Information Administration. Prices have been trading on the defensive for the past week falling 7.5% since the last EIA inventory report. Hedge funds were long futures and options and the recent decline was likely a function of their position liquidation.
Imports have declined…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...