Credit Prices and Energy Markets Trade Higher

Credit Prices and Energy Markets Trade Higher

**Please Note – Bob Lane is out of the office this week, returning Monday, July 26th. in his absence, please contact Ryan Standard at 331.276.8227 or [email protected] with any questions, comments or trading.**

Today was a repeat of yesterday’s direction, higher energy prices and lower soybean oil values. RIN prices moved higher again today despite concerns that a lack of a clear mandate would inject bearishness into the credit markets. LCFS credit prices were flat with yesterday’s report. Feedstock demand continues at higher prices with more UCO traded at 64.5 cents delivered today. The Jacobsen expects renewable diesel capacity to grow 50 percent by Jan 2022, which adds an additional 5.2 billion pounds of feedstock demand to the market. 

Daily Charts

 

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