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…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...