While the pandemic has a grip on much of the country, some market levers have seemed to recover. WTI crude prices are 37 percent over values during the first week of the pandemic and at their highest point since the beginning of March. Heating oil prices are also up more than nine percent since the pandemic announcement, and soybean oil prices are 22 percent higher. Gasoline supply increased by six percent during the past week and is almost at levels seen a year ago.
RIN prices have also been surging. 2020 biodiesel RINs are trading just under 69 cents today, 68.5 cents was the last trade recorded. This is up 22.75 cents, or 49 percent, per RIN from March 13. Ethanol RINs have seen a more drastic percent change. The 2020 ethanol RIN is up 21.75 cents, or 88 percent, since March 13 and closed today at 46.5 cents.
The California LCFS credit has not followed RIN…
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...
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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,...
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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...