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...
Soybean Oil Prices Rally on Renewed Weather Concerns
Volatility remained the name of the game in the edible oils markets on Monday, leaving world vegetable oil prices mixed. Profit-taking weighed on palm oil prices, while fresh buying amid recently oversold conditions and ongoing weather concerns rocketed the soybean complex higher.
The first three soybean oil contracts settled about 3 3/4 percent higher (July contract +221 basis points per pound). Deferred contracts from October 2021 through the back end of the curve also gained from 3 to about 3 1/2 percent (May 2022 +201 basis points).
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