Biodiesel RIN prices were flat, on average, today. Trading was done in a wider range for the B20 vintage D4 RIN. Higher heating oil prices gave biofuels a boost today after news of a container ship blocking the Suez Canal helped to rally prices over short-term supply concerns. Fundamentals remain in place and there is concern that supply may weigh on prices again in the short term.
Distillers corn oil (DCO) prices did increase today on tight supply and some defensive buying. The Jacobsen is estimating DCO production at 8.75 million pounds per day, down 5 percent from last week.
Daily Charts
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...