Biodiesel Activity

Heating oil traded as high as $1.53 per gallon today and as low as $1.48, before settling at $1.49¾.  HO followed crude’s up and down day, in which crude values traded above $50 briefly for the second time in the past four trading sessions.  Crude is still looking for some trading activity above $51 to break its long term downward trend of lower lows followed by lower highs.

Soybean oil prices increased 34 ticks, closing at…