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…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...