Unlike California’s LCFS credits, RINs have a relatively short shelf life, lasting roughly two years. The 2020 biodiesel RIN began trading shortly prior to the 2020 calendar year and has seen prices trade as low as 36.5 cents per RIN and as high as 82.5 cents. The 2020 ethanol RIN has experienced the same volatility, with pricing as low as 13.5 cent and as high as 59.5 cents.
The 2020 biodiesel and ethanol RINs both reached their high trading mark at the end of last week. RINs will rise to incentivize production. In the case of biomass-based diesel RINs, they will also increase in value to offset a rising bean oil/heating oil (BOHO) spread. The BOHO spread did climb during the week, raising 8.8 percent to $1.36 per gallon. The BOHO spread reached a four-week high.
RINs are at a near-term highs, but it is…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...