5-11-21 RCC Energy Market Update

May 11 •

Much of today’s market focus was on the Colonial Pipeline and supply concern.  In some southern states supply was running dry and pump prices rose, causing panic buying by motorists.  The Biden administration projected that the Colonial Pipeline would restart in a few days and has been urging drivers not to top off their tanks.  […]

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4-9-21 RCC Energy Market Update

Apr 9 •

Friday’s trading session was not a very dynamic session for energy futures. No statements or progress was made from U.S. talks with Iran, the U.S. dollar inched its way higher, and the overall equities market was mixed to round out the week. Crude oil prices of late have traded through sessions with more than $2/barrel […]

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3-10-21 RCC Energy Market Update

Mar 10 •

Large draws on finished products brought support to the market today, as the DOE report showed an 11.87M bbl draw on gasoline and a 5.5M bbl draw on distillates. Crude oil had another large build posted at 13.8M bbls. Additional support was brought to the market from reports of a more optimistic global economic outlook, […]

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3-8-21 RCC Energy Market Update

Mar 8 •

Energy prices slid on Monday after hitting recent highs on a headline that Saudi Arabian oil facilities were bombed by rebel groups. According to Riyadh, there were no casualties or loss of property in the attack. After digesting the update from Riyadh, markets deemed the incident as having minimal impact on product prices and reversed […]

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1-12-21 RCC Energy Market Update

Jan 12 •

Oil prices shot up to levels not seen since mid-February, posting further gains riding the wake of the OPEC+ cuts, and edged a bit higher by a slightly weaker dollar.  RBOB futures showed the most strength rising higher by 2.23%, up $0.0322. Heating oil jumped by $0.0232. WTI finished moderately higher, up $0.96. API figures will […]

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1-7-21 RCC Energy Market Update

Jan 7 •

Energy markets struggled early in today’s session as prices were flat to negative and looked to be on track for a breather after two days of gains. However, all products fought through the day to manage small gains across the board which is now three consecutive days. There was really no news out today that […]

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1-5-21 RCC Energy Market Update

Jan 5 •

The bearish sentiment that pushed the energy market into red figures yesterday was all but forgotten today as bulls rallied back to erase those losses and continued to move higher. Early in the session it was announced that OPEC+ group decided to roll over production levels from January to February which many thought another minor […]

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1-4-21 RCC Energy Market Update

Jan 4 •

The first trading session of 2021 proved to be a volatile start to the year that saw the energy complex moving higher early before gains faded to losses at the close. There is plenty of news for the market to trade on with a lot of attention on OPEC+ oil producers discussing future output plans, […]

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Feed That Works Harder

Feb 16 •

Could your dairy operation benefit from lower feed costs, increased milk production and improved rumen health for your cows? If the answer is yes, then you’ll be as excited as we are by the new feed product now available from River Country Cooperative. We are seeing excellent results feeding an extruded corn/soy product we are able […]

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