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...
This week saw a historic collapse in the soybean oil futures market, but prices have started to climb back up today. The animal fat and co-products market was frozen by the move lower in RINS and soybean oil with limited trading reported. The sharpest decline was in the distillers corn oil market, which has traded as low as 51 cents FOB this week. The weekly average for the Missouri River market was down 3.3 percent compared to last week. Choice white grease fell 1.7 percent and yellow grease 1.2 percent. The weekly average BFT price was up 2.2 percent from the week prior. Late week trading, last week at 60 cents Chicago from 57 is responsible for the increased average of 58.89 this week. Despite the increase, the tone in the market remains negative. Sellers were more reluctant to sell today on soybean oil’s early gains and…