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…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...