Futures activity Soybean oil prices saw plenty of lift last week, with Dec-22 futures rallying 4.5 cents per pound back up to 66.60 cents per pound. The H1 2023 futures strip average is near 63.75 cents per pound. S&D and fundamental factors OPEC+ announced [...]
Futures activity After a relatively calm week, corn futures propelled to $7 per bushel during trading on Friday following the release of the September Grain Stocks report. S&D and fundamental factors In the Grain Stocks report, 2021 figures were revised lower, with both planted [...]
To say that energy markets have become more politicized in recent months would be an understatement. In a recent meeting, the G7 (Canada, France, Germany, Italy, Japan, UK, and the U.S.) proposed a cap on the price of Russian oil in response to that [...]
At June’s end, the U.S. Strategic Petroleum Reserve (SPR) dropped to its lowest level since the mid-1980s, a 35-year low. The Biden administration is continuing to use SPR withdrawals to bolster supply and try to bring reduce fuel prices and the oft-mentioned pain at [...]
Saudi state-run oil company Aramco raised prices to both European and Asian customers this month and signaled that prices could rise further as China slowly relaxes strict COVID lockdowns and reopens its economy, raising its oil demand. New-contract Arab light crude oil prices were [...]
A series of winter storms across the country brought a record-shattering blizzard for New England states and travel headaches across the Midwest with thousands of cancelled flights. As areas of low pressure collided with a cold arctic mass across the U.S. in January, much [...]
Even with the increase of 400,000 barrels per day announced by OPEC+ for February, energy markets remained on edge as we rolled over into 2022. So far, Europe has been challenged the most and is facing some of the highest gas prices worldwide amid [...]
The United Nations Climate Change Conference (COP26) drew to a close last week in Glasgow as winter weather arrived bringing first snow-making event of the season across parts of the midwestern U.S. During the conference, President Biden had urged OPEC+ members to increase oil [...]
