AEMA, coalition launch legal challenge to BLM Conservation and Landscape Health Rule
The American Exploration & Mining Association was joined by a coalition in filing a challenge last Friday in the Wyoming district court.
No curve balls from the USDA but as for food prices look for prices to stay elevated. Crude will settle approximately 1% higher in today’s session trading briefly over $102/barrel in the July contract. We maintain our short term target in this contract at $104.50/105.00. It again appears to be the story that strength in the distillates are helping lift Crude prices as RBOB picked up over 2% today and heating oil 1.50%.
