Strong Biodiesel Production Underpins Soybean Oil Demand

Strong Biodiesel Production Underpins Soybean Oil Demand

 

Increased Renewable Diesel Production Lifts Renewable Fuels

The Environmental Protection Agency (EPA) reported 1.47 billion gallons of renewable fuel were consumed in November, a 2.4 percent increase from October and one percent over the volume produced in November of 2019. Renewable Fuel Standard (RFS) credit generation climbed 3.5 percent to 1.61 billion credits and was two percent above November 2019.   Increased renewable diesel production and stronger sugarcane ethanol imports helped drive the volumes higher.

Biomass-based diesel (D4) credit generation was up 17 percent on a 16 percent increase in volume. Increased renewable diesel production led the D4 category higher.  Biodiesel  and renewable jet fuel output was unchanged from October.  Advanced biofuel (D5) credit generation increased 26 percent, driven primarily by sugarcane ethanol imports and a sharp rise in naphtha…

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12.24.2024

Animal fats, oils markets quiet amid Christmas holiday

Animal fats, oils markets quiet amid Christmas holiday

The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.

Market sources expected activity to remain subdued...

12.24.2024

US November broiler, turkey slaughter down year on year

US November broiler, turkey slaughter down year on year

US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...

12.24.2024

US weekly soybean, wheat export inspections rise, corn falls

US weekly soybean, wheat export inspections rise, corn falls

Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...

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