The Renewable Fuel Standard (RFS) was established in 2005 and subsequently expanded in 2007. There continues to be bipartisan support for the program despite severe conflict between the oil and agricultural industries on how best to interpret the program. Over the past few years, the program has operated under extreme duress.
The RFS mandates that US transportation fuels must contain a minimum amount of biofuel. The EPA provides the renewable volume obligations (RVO) on an annual basis. The RVOs are based on statutory requirements for four fuel categories – total renewable fuel, total advanced fuel, biomass-based diesel, and cellulosic biofuel. The total renewable fuel statutory requirement is equal to the sum of total advanced fuel and total conventional fuel. Conventional fuel is not specified in statute but is…
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...