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...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
