Biodiesel Market

Crude oil continues to move higher after OPEC’s decision a few days back to attempt to limit production.  Crude closed at $49.04 on the NYMEX this afternoon.  Heating oil futures attempted to follow, but only added about 8/10 of a cent, closing at $1.60 per gallon.  This could be a pivot spot for HO.  There has been lots of resistance at this level in the past.

Soybean prices followed the oil sector, gaining 12 points to…