Daily Charts
Crude oil fell eight percent last week, settling at $37.05 per barrel on Friday. Heating oil futures loosely followed, dropping nearly four percent to $1.13 per gallon. Prices reversed course and made up most of last week’s decline on Monday. Soybean oil followed oil, dropping 3.6 percent last week and rallying 2.8 percent today.
The bean oil/heating oil spread (BOHO) finished last week down 3.5 percent to $1.26 per gallon. There was not a reversal to begin the week for the BOHO as the moves higher in soybean and heating oil futures on Monday, offset one another as to their impact on the spread. Biodiesel RINs gained two percent in value last week with the 2020 RIN closing at 75.5 cents. The 2020 RIN gained another…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...