The coronavirus pandemic has certainly not affected the different fuel types in the same way, at least so far. In April, EPA Moderated Transactions showed a 43.5 percent in ethanol consumption, a 17 percent drop in renewable diesel consumption, and a 0.40 percent decline in biodiesel.
A number of regional producers reported better volumes in May, some showed reduced production. If May plays out anything like April, it would seem that the pandemic has had little effect on biodiesel output. Energy Information Agency (EIA) data shows that ethanol production has been steadily climbing since hitting its low during the second to last week of April. Ethanol stocks, which hit an all-time high five weeks after the pandemic was announced are now at a 25-week low.
While we do not have on going weekly data for biodiesel production there was a 31 percent decline…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...