Crude oil prices are trading sideways, but it appears that producers along with hedge funds believe prices will continue to climb. The term-structure of crude oil shows that a robust backwardation remains in place, but below the average for 2018. The range has been substantial, rising as high as $7 per barrel for the December red December spread, to a low of $3 per barrel. A backwardation shows that demand…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...