US ultra-low sulfur diesel (ULSD) futures fell to a 15-month low on Wednesday August 21. Slowing economies in the US and China are weighing on markets and causing concern about the future, according to sources. A Fastmarkets survey of biodiesel producers showed prices to be following ULSD values lower.
Energy prices were pressured lower on Wednesday following a US Department of Labor report indicating job growth was overstated by 818,000 in the 12 months that ended in March. Slowing job growth is indicative of a constricting economy.
On August 15, the Chinese National Bureau of Statistics (NBS) showed housing prices in the country continued to decline, falling over 10% during the first seven months of 2024. This has caused the housing crisis in China to hit a 9-year low.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...