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…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...