Crude oil prices climbed higher during the past week, which has led to speculation that prices might have hit a bottom. This comes despite robust supply from production around the globe. Although there have been continued declines in U.S. rig counts, the import of crude oil into the U.S. will likely take the place of any drop off in domestic production.
According to the Department of Energy, total U.S. crude oil…
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...