04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Please note – Bob Lane will be out of of the office through Friday, March 26th. In his absence please contact Ryan Standard at 773.322.5174 or [email protected] with any questions, comments or trading.
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.
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