Biomass-based diesel has been moving at a solid pace all year, indications are that it may be beyond what is currently needed given the pandemic’s impact on the transportation sector, but time will sort that out. RIN prices don’t seem to be rising in order to incentivize further production. RINs appear to be working as they are theoretically designed. They appear to be rising to offset the bean oil/heating oil (BOHO) spread that is at its highest level since April of 2016.
Feedstock (soybean oil) prices have been on a bull run this week, climbing 6.3 percent to 33.39 cents per pound. Soybean oil price is at its highest level since January. Heating oil values have held in a narrower range since mid-June, holding mostly between $1.13 to $1.25 per gallon. Soybean oil prices are 17 percent higher than they were a year ago while heating oil…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...