Within the past eight days the front month crude oil futures have moved from 22.76 to negative 37.63. This is a new all-time low for Crude. Eight days ago, politicians were patting themselves on the back and talking about what a great job they had done in stabilizing oil and how this would save hundreds of thousands of energy jobs in the US. Today, the story appears to be continuing to evolve.
Crude made a…
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...