Thanksgiving week is typically the biggest travel week of the year, but recent COVID lockdowns following a new spike in cases lowered travel this year. Although air travel was up more than expected last weekend, auto travel was down. Last week was the lowest price for gasoline the week before Thanksgiving since 2015.
Ethanol prices were up from 2018 and 2017, but the average inventories for the first three weeks of November were also down 3.5 percent from 2019, 11.9 percent from 2018, and 5 percent from 2017. They were higher than in 2016 and 2015. In mid-October, the American Automobile Association (AAA) projected 50 million travelers for Thanksgiving, but with the new restrictions in November, that forecast dropped to 47.8...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
