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 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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