A day after seeing crude oil prices close below $37 for the first time since early 2009, crude dropped another $1 per barrel, closing at $35.62. Prices are now flirting with the January 2009 low of $33.20. Prices were only briefly at that level. One would have to look all the way back to 2004 to see prices trading in this range. Heating oil prices are also flirting with 2009 lows that have not been seen since 2004. HO followed crude’s collapse,…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...