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…
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...