After digesting the Supreme Court ruling, the RIN market brushed off the news, turning its attention to renewable volume obligations (RVO). If the EPA holds the 2021 mandate near the 2020 mandate, there remains concern about ethanol and the 10 percent blend wall.
In the Energy Information Administration (EIA) Short-Term Energy Outlook. The forecast for gasoline consumption is currently 133.98 billion gallons, while the outlook for ethanol consumption is only 13.76 billion gallons. Not quite the 10 percent the market is looking for. Adding to the ethanol stress is whether or not the EPA is going to roll in the three-year average of SRE gallons that were previously granted and are supposed to be rolled back in and accounted for.
If there is an ethanol related gap within the upcoming RVO, biomass-based diesel will become the marginal…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...