OPEC+ Deal Contributes to Move Lower in Oil Complex

OPEC+ Deal Contributes to Move Lower in Oil Complex

**Please Note – Bob Lane is out of the office this week, returning Monday, July 26th. in his absence, please contact Ryan Standard at 331.276.8227 or ryan.sta[email protected] with any questions, comments or trading.**

Biofuels prices are lower today on sinking heating oil and crude markets. The move lower in the oil sector has been attributed to concerns over rising COVID cases and a deal reached between OPEC+ nations to increase output in the coming months. Soybean oil prices moved lower as well, down 12.9 cents per gallon, which is in near lockstep with the 12.82 cents per gallon drop in the September heating oil contract.

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11.27.2023

Appeals Court Strikes Down EPA’s Denial of SREs

Appeals Court Strikes Down EPA’s Denial of SREs

*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.

On November 22, a U.S. appeals court struck down a decision...

11.27.2023

Cattle Slaughter Forecast Lower to Close out 2023

Cattle Slaughter Forecast Lower to Close out 2023

The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and bid/offer ideas ready for the week and looking ahead to...

11.27.2023

Hog Slaughter Forecasted Above 2022 Into December

Hog Slaughter Forecasted Above 2022 Into December

Pressure on ruminant meat and bonemeal continues to be reported on accounts of excess offerings from slowed/diminished export trade. Participants communicated low $200s per short ton on ruminant meat...

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