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
…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...