Biofuels prices were marginally higher today, but feedstock prices increased sharply with soybean oil up limit on the May contract today. Buyers in the feedstock markets were mostly on the sidelines after bidding lower prices to close out last week. The HOBO spread widened significantly today with bean oil up 18.75 cents per gallon while heating oil was 0.7 cents per gallon. RIN prices did increase by 15 cents per gallon, offsetting some of the widening gap in the HOBO spread.
Daily Charts
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...