05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Long Positions and Negative Gamma Generate Massive Selloff
There were several fundamental shifts in crude oil balances over the last few weeks, but not enough to generate the massive selloff experienced in WTI crude oil. Prices tumbled 33% in 6-weeks cutting the prices from $75 per barrel in early October down to $50 in late November. Most of the selloff was due to positioning which caught swap dealers offsides, which is very hard to measure.
US crude oil…