WTI Crude increased 19 percent this week, settling at $29.43 per barrel. This a nine-week high for crude, but prices remain 53 percent below levels from a year ago. Heating oil values loosely followed, rising 2.4 percent for the week and reaching a four-week high. Heating oil prices are 56 percent lower than they were at this time last year.
Biodiesel’s most widely consumed feedstock, soybean oil, remained relatively stoic. Prices moved fractionally higher, closing at 26.58 cents per pound, which is 2.4 percent lower than last year. The bean oil/heating oil spread (BOHO) benefited from the rise in heating oil. The spread finished the week at $1.03 cents per gallon, down two cents from last week’s close.
Biodiesel RINs ended the week ¾ of a cent higher for the 2019 RIN and 1.25 cents for the 2020 RIN. Ethanol RINs closed the week mixed with the…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...