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...
Trading into China and Indonesia was done at higher levels for MBM this week. Tighter supplies are helping boost values along with a stronger soybean meal market. Soybean meal prices at the CME are up $17 versus a week ago and there is potential for higher prices in the near term. With gasoline prices plummeting over the last few weeks, ethanol margins have quickly turned negative and a number of plants are idling. The slowdown in ethanol production…