Heating oil prices moved higher on Wednesday following a report from the Department of Energy that showed increasing demand for gasoline and less of a decline in demand for distillates. News that major oil producers from OPEC and Non-OPEC nations would gather in April also helped prices gain traction. Imports of crude oil declined in the latest week, but are higher over the past 4-weeks.
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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...