ADM Q2 Earnings Call
Juan Luciano, Chairman and CEO of Archer Daniels Midland (ADM) made it clear during the company’s second quarter earnings call that he sees ample opportunity to grow ADM’s business by supplying as much soybean oil and distillers corn oil as possible to meet the coming onslaught of renewable diesel (RD) feedstock demand that is expected to occur over the next couple of years. North America RD capacity could grow from just over 500 mmgy in 2020 to nearly 5.6 billion gallons in 2025.
There is little chance that every announced RD facility will make it to completion. The market is already seeing delays and potential closures of plants that have been under construction. However, there are several large operations that look like they are going to push forward, not to mention a number of heavy hitting expansions that are…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...