11.27.2023
Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
Trading was quiet today with higher offers mixing with lower prices at the CME. BFT was offered out at 71 cents Chicago, tech at 75 Chicago and CWG at 70 cents Chicago but trading was non-existent ahead of the daily close. September corn futures were down 11 ¾ cents per bushel, September soybean oil closed 1.33 cents per pound lower and September heating oil futures were off 5.2 cents per gallon, settling below $2.00/gal at $1.9690. RIN prices also moved lower for the day, further pressuring the biodiesel margins. Given the broad-based sell-off on a number of products, it’s reasonable to expect a quiet close to the week if offer prices remain elevated above…