Crude prices were down over $2 per barrel intraday before seeing a slight recovery and closing at $43.25, down $1.88 per barrel. Heating oil moved nearly 3 cents per gallon lower to $1.56 per gallon in the front month contract. Soybean oil countered by dropping 33 basis points, which, as fare as the BO-HO spread is concerned, mostly offset the HO move, leaving the BO-HO nearly unchanged at 64.8 cents per gallon.
Biodiesel RINs continue to…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...