Petroleum prices are under pressure on Friday and continue to face headwinds due to warmer than expected weather and consistent crude oil production. Earlier in the week the EIA forecasts non-OPEC crude oil production to grow by 1.2 million barrels per day in 2015, and then decline by 0.4 million barrels a day in 2016, which would be the first annual decline in…
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...