Solid Q4 Lifts Oregon CFP Credit Bank
Following a poor 2020 Q3 reporting that had deficit production outpacing credits by 37,055, the Oregon credit bank returned to solid footing in Q4. Credit production exceeded deficit production during the fourth quarter by 23,726.
Demand for gasoline and diesel declined in the fourth quarter relative to the third quarter. This is similar to what was seen in California but with a much steeper decline in gasoline demand in Oregon compared to California. Fourth quarter gasoline demand was 20 percent below third quarter and generated 46,136 fewer deficits. Ethanol demand only fell 12 percent and generated 12 percent few credits.
Fourth quarter diesel demand was ½ of a percent below third quarter demand but deficit generation was 1.2 percent…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...