Energy markets fell on Tuesday July 30, with some market sources reporting overall negative sentiment over world events. Renewable information number (RIN) prices decreased day on day as well.
Sources pointed to the possibility for a third month of lower economic growth in China, and an OPEC meeting later this week where members could vote to roll back production cuts.
On the bullish side, the US Federal Reserve is also meeting this week and could signal plans for interest rates for the rest of the year. Additionally, election results in Venezuela have led to speculation for more US sanctions in the future, and therefore lower crude oil supply.
Amid these concerns West Texas Intermediate (WTI) futures weakened by nearly $1 per barrel day on day to $74.74 per barrel. WTI has slipped by $3.55 per barrel since July…
09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...