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…
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...