The crude glycerin market is feeling the impact of reduced demand and strong supply. A month ago, finding pricing deals in the crude market took a little work. Lately, favorable pricing seems to be everywhere, causing buyers with storage options to wonder if they might have started filling their tanks up too soon.
June biodiesel consumption of 181.9 million gallons was 12 percent over May output and 11 percent above June 2019. The pandemic skewed demand for fossil fuels. Projected gasoline demand was reduced more than diesel demand. Ethanol production was quick to react and quickly lowered output. Diesel demand pulled back but there has not been corresponding pullback as seen within the ethanol market.
The original blending mandate called 2.43 billion gallons of biomass-based diesel to be blend with diesel fuel and another 340…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...