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…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...