Daily Charts
Crude oil fell eight percent last week, settling at $37.05 per barrel on Friday. Heating oil futures loosely followed, dropping nearly four percent to $1.13 per gallon. Prices reversed course and made up most of last week’s decline on Monday. Soybean oil followed oil, dropping 3.6 percent last week and rallying 2.8 percent today.
The bean oil/heating oil spread (BOHO) finished last week down 3.5 percent to $1.26 per gallon. There was not a reversal to begin the week for the BOHO as the moves higher in soybean and heating oil futures on Monday, offset one another as to their impact on the spread. Biodiesel RINs gained two percent in value last week with the 2020 RIN closing at 75.5 cents. The 2020 RIN gained another…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...