This weekend marks a major demand for transportation fuel of all sorts, from gasoline to jet fuel. This Fourth of July weekend is projected to be the biggest travel Independence Day holiday on record, due in part to it falling on a weekend and from pent up demand after COVID lockdowns. Gasoline prices are the highest since 2014, but that is not discouraging demand. As the economy returns to normal with more workers commuting, and air travel restrictions are lifted, fuel demand should stay up. Overall, fuel demand is moving its way back to 2019/Q1 2020 levels.
Biofuels followed petroleum feedstocks over the past 16 months; net inputs of crude oil to U.S. refineries averaged 14.2 million barrels per day (bpd) in 2020, the lowest annual ref...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
