04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
The crush margin declined, partially offsetting last week’s gain, dropping 4.4% to $2.15 per bushel. Lower soybean prices and a higher value received for soybean oil were more than offset by a $10 per ton drop in soybean meal values. The value received from oil and meal sales, per bushel of soybeans crushed, dropped by 21 cents per bushel, while the price of soybeans fell by 18 cents per bushel. This allowed the…