Daily Charts
Biomass-Based Diesel RINs Hold Ground
The 2020 biodiesel RIN (B20) gained fifty cents, pushing to a 79.50 bid versus an 80 offer at the end of the day. The B20 RIN traded at 79.50 while the B19 and B21 finished unchanged. Ethanol RINs also finished the day where they left off on Friday.
Soybean oil and heating oil, the two components in the bean oil/heating oil spread (BOHO), finished the day lower. Heating oil followed crude lower, slipping nearly four cents to $1.16 per gallon. Soybean oil saw a steeper decline, falling 2.5 percent or 85 ticks to 33.16 cents per pound for November delivery. The larger decline in soybean oil allowed the BOHO to edge 2.6 cents lower to $1.28 per gallon.
California’s LCFS credit continues to quietly hold in the min $190’s. There is a myriad of factors that affect the…
07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...