Environmental Protection Agency (EPA) showed renewable fuel consumption continued to benefit as the economy moved forward during June. Renewable Fuel Standard (RFS) credit generation increased 20 percent from May with 1.5 billion credits recorded and is 43 percent above the March low. Volumetric consumption in June of 1.37 billion gallons was 22 percent over May output and 49 percent above the pandemic low in March. All fuel codes other than Advance Biofuel experienced an increase. Cellulosic consumption increased 10, biomass-based diesel was up 5 percent, and ethanol rebounded with a 28 percent increase. The advanced biofuel code saw volume decline 22 percent and RIN generation fall 25 percent. This was primarily due to a 52 percent decline in renewable diesel imports during June, which would suggest that the…
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...