Speculative Relief for Refiners Cools RINs

Speculative Relief for Refiners Cools RINs

 

Grains and Soybean Oil Fall Following White House Statements

US corn futures fell just over six percent during the last two trading sessions with traders moving in to capture gains as the forecast for improved weather is coinciding with a key growth phase for corn.  Soybeans are down nearly five percent over the same two-day trading period and soybean oil, the primary feedstock used in biodiesel production, is down over six percent in the past two trading sessions and seven percet since June 8.

The market may also be experiencing some erosion in price support for corn and soybeans after the White House announced it could step in to provide relief to refiners facing high compliance prices in meeting their renewable fuel obligations. Reducing biofuel blending mandates, one of the tools at the EPA’s disposal, would lower renewable blending obligations under the Renewable Fuel Standard.  Doing so would reduce the amount of corn and…

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03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

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Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

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Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

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