Biodiesel prices were lower today on weaker heating oil prices. Yesterday’s boost from tied to shipping concerns over the Suez canal blockage were nearly washed away today with heating oil settling at $1.7478 per gallon. LCFS credit prices and RINS were lower today and there is some speculation that the potential for Argentine biodiesel or Brazilian sugar cane ethanol may be making its way into the US adding to the supply. The anti-dumping duties for Argentine biodiesel from the US remain in place and according to Bloomberg, have cleared a recent legal challenge. The markets feel highly speculative at the moment on the feedstock side of the trade, the volatility has pushed a lot of buyers to the periphery while a more clear direction can be ascertained.
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01.06.2025
SkyNRG Washington SAF plant to receive $1.5 million planning grant
The $1.5 million grant is intended for use in engineering, permitting and logistics studies towards the planning of the facility, which will produce 50 million gallons of SAF per...
01.06.2025
Animal fat prices in Gulf show upward pressure; weekly hog slaughter increases
The US animal fats and oils markets began the week of Monday January 6 on a relatively active note as trading gradually picks up following the holiday season.
01.06.2025
Potential January ILA port strike weighs on market sentiment
US animal proteins prices were steady day on day on Monday January 6 amid an impending port strike.
A January 15 deadline is set for the International Longshoremen’s...