Crude edged higher, pulling heating oil and soybean oil values up as well. Heating oil futures climbed bac to $1.50 per gallon, up 2 cents, while SBO was up 28 handles to 27.46 cents per pound. The HO and SBO moves offset one another, leaving the bean oil/heating oil spread unchanged at 52 cents per gallon.
B15 RINs had steady bid interest at 48 cents in the morning moving up towards 48.5 cents in the afternoon. E16’s saw support at 35.25…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...