Prices of Brent crude oil are attempting for form a bottom. Traders are probing the downside and seeing if it is possible to generate a short squeeze. With current inventories at 80-year highs in the United States, it will be difficult for oil prices to mount a significant comeback.
Petroleum inventory data for countries in the Organization for Economic Cooperation and Development show the relationship…
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...