04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
Chicago edible tallow traded higher today with two cars done at the lower end of the range and four at the top side. One car of renderer bleachable fancy tallow traded steady with yesterday’s pricing. Choice white grease FOB Missouri River has leveled off with trading done today at steady prices.
Distiller’s corn oil (DCO) traded at lower levels today for the spot market. Well bought positions are pushing more sellers to discount material to keep in moving, especially in rail cars. Feed buyers have been active at the top end of the range, but trading into the renewables sector has been driving the bottom side of the market lower. Soybean oil (SBO) settled above 60 cents per pound for the May contract today, which should make motivated buyers of anyone with storage capacity.
The EIA reported ethanol production for the week ending April 16th at 941,000 barrels per day, flat with the week prior. Gasoline demand was the highest since the week ending August 20
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