Soy Oil Prices Trim Gains after EPA Proposes Extension of Biofuel Deadlines

Soy Oil Prices Trim Gains after EPA Proposes Extension of Biofuel Deadlines

Palm oil prices extended higher for a fifth straight day, while nearby soybean oil prices pared early gains Thursday on profit-taking after the U.S. EPA said it would propose an extension for 2020 and 2021 compliance deadlines for biofuel blending mandates. The agency will also propose changing the annual compliance reporting deadlines for obligated parties for 2022 and beyond. Earlier this year, the EPA extended the 2019 compliance reporting deadline. Under the Renewable Fuel Standard (RFS), refiners must blend a certain volume of biofuels into their fuel mix or buy compliance credits (RINS). Soybean oil is the most commonly used feedstock for biomass-based biodiesel production. At the end of August, the EPA said it would recommend the White House lower the 2020 and 2021 blending mandates below 2020 levels. EPA’s delayed Renewable Volume Obligations (RVOs) are still under review by the Office of Management and Budget. Today’s announcement does not indicate when the RVOs might be…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden
  • Hidden

*all fields required

More from the author

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...