Heating oil prices edged higher on Wednesday following the governments inventory report. Prices have come off from their recent highs, as supply constraints seem to have driven market sentiment over the past couple of weeks. Inventories in the United States remain high, as production from U.S. producers have taken the place of OPEC output. Domestic production has increased nearly 300K barrels from a year ago. …
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...