California Air Resources Board (CARB) is scheduled to release their first quarter 2020 supply and demand data on July 31. The Jacobsen expects biodiesel consumption to come in below CARB forecast and renewable diesel to be over forecast. Strong renewable diesel margins continue to make RD the liquid molecule of choice in the California Market.
Historically, Q1 has not been a sterling quarter for RD. Therefore, we have skewed our RD forecast slightly lower than we would otherwise expect. The Jacobsen expects about 184 million gallons of RD to be consumed during the first quarter of the year. Neste had a catalyst change scheduled during the second quarter at their Singapore plant, so it wouldn’t be surprising if they shipped more product ahead of the scheduled change. The catalyst change was expected late in the second…
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...