Heating oil managed to sidestep yesterday’s decline in oil but couldn’t get out of the way of today’s beating. The May crude oil future mercifully expired allowing full attention to shift to June. The June contract did not fare any better, as the forward price plunged 43 percent to $11.57 cents per barrel. Heating oil loosely followed, dropping more than 18% to 72.69 cents per gallon.
The bean…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...