According to EPA EMTS data, domestic biodiesel reached a record high 394.6 million gallons during the first quarter of 2020. Actual data for April biodiesel consumption will be released next week and is expected to be comparable albeit less than March consumption.
Gasoline supply didn’t hit the brakes until the week of March 27. Ethanol output began to fall sharply at that time as well. The twin shocks to the transportation sector of oversupply and pandemic curtailed demand, hit gasoline demand harder and more directly than diesel demand. The general population moved into shelter in place directives, which brought gasoline demand to lows not seen in decades. Diesel demand was reduced, but to a much less severe extent, as the trucking and shipping industries continued to move along.
A number of biodiesel producers reported in April…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...