Renewable Diesel Expansion May be Pressuing LCFS Price Lower

Renewable Diesel Expansion May be Pressuing LCFS Price Lower

 

Market Fundamental Recover 

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

09.14.2020

COVID & Uncertain Times Accentuate Benefit of Feedstock Flexibility

09.14.2020

Weather Concerns Rattle Markets

09.08.2020

Soybean Futures at Two-Year High

Blog

09.16.2020

Fats, Oils, & Fuels Webinar 9/15/20: Customer Q&A

Fats, Oils, & Fuels Webinar 9/15/20: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, September...

09.15.2020

Soybean Oil Futures Decline on Profit-Taking in Soy Complex

Soybean Oil Futures Decline on Profit-Taking in Soy Complex

Vegetable oil markets were mixed on Tuesday as palm oil, and Dalian prices played catch up to the rally in soybean oil futures on Monday, but selling across the...

09.15.2020

2020 Hempseed Harvest

2020 Hempseed Harvest

The hempseed crop this year is looking good, with some exceptions, due to pest pressure.  We estimate that 21,138 acres were planted for hempseed this year, primarily consolidated...

Latest Tweets

We're IOSCO compliant!
https://thejacobsen.com/about/media/iosco-compliance/ #pricereporting #dco #yellowgrease #usedcookingoil #commodity

Chase Hubbard is on Thursday's discussion of The ‘Lo Down: Real Talk With Hemp Farmers. We’re going over the hemp marketplace with a fine-tooth comb, from pricing to ... forecasting, commoditization challenges, policy and much more #cbd #hempfarming https://www.instagram.com/p/CBDjGLSBXdb/

Load More...

Keep Track of the Conversion to Renewable Fuels on our special section: Renewable Fuels Watch