Market Activity

Poor demand from the biodiesel sector has pushed corn oil values lower today. Price indications for the 30 – 90 market are substantially lower, with bids shown for Manly, IA in the range of $0.2400 – 0.2500. The prospects of a biodiesel tax credit have become increasingly grim with many extenders, including the BTC, absent from the latest budget deal. RIN values will have to increase to make production economically viable for fuel used outside of the California…