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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01.16.2025
USA BioEnergy acquires land for Bon Wier SAF facility
USA BioEnergy has completed the purchase of land for its greenfield sustainable aviation fuel (SAF) production facility in East Texas, the company announced on Tuesday January 14.
The...
01.16.2025
Prices for US animal fats and oils hold steady despite declines in vegoils, energy complex
Activity in the US animal fats and oils markets slowed on Thursday January 16, with the industry continuing to process the implications of the updated Greenhouse Gases, Regulated Emissions,...
01.16.2025
Mid-January ruminant MBM, soybean meal relativity above 5-year average
Market sources reported limited trade volume to Fastmarkets on Thursday January 16, keeping most US animal protein trade prices rangebound for the day.
At close, the benchmark March...