Falling soybean oil prices and an uptick in heating oil values combined to take some additional pressure off the bean oil/heating oil spread. The BOHO dropped nearly five cents to 93.5 cents per gallon, painting a somewhat more rosy outlook on production and blending economics. Soybean oil prices dropped 42 points to 33.01 cents per pound while HO climbed nearly 2 cents to $1.49 per gallon.
Biodiesel RINs tried to continue…
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...