The stronger crude oil demand outlook is likely the main reason for higher crude prices across the entire curve, whereas the near-term supply concerns are putting additional upward pressure on prices for near-term delivery. As a result, the futures curve for crude oil has both shifted since the beginning of the month and flattened out. The flatter futures curve means that the market’s contango has narrowed significantly for West…
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...