RINs Stage Rally Following EPA Renewable Volume Release

RINs Stage Rally Following EPA Renewable Volume Release

 

Biodiesel and Ethanol RINs Climb following RVO Announcement, can it Continue?

The RIN market was edging lower ahead of the EPA’s announcement on proposed renewable volume obligations (RVOs).  Ethanol RINs closed below 90 cents per RIN December 6, while biodiesel RINs declined to approximately $1.39. Deeper proposed cuts to the previously finalized 2020 RVO and lower obligations for the 2021 and 2022 RVOs might have been what the market was anticipating. 

The EPA RVO proposals for 2020, 2021, and 2022 were made public December 7. Both biodiesel and ethanol RIN prices moved higher in response. The 2021 biodiesel and ethanol RINs traded up to $1.49 and $1.06½ respectively during the week, before settling at $1.46 and $0.99¾ on Friday.

Biodiesel RINs climbed five percent and were 47 percent over values seen at this time last year.  Ethanol RINs increased 10 percent and closed 46 percent above year ago values….

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

05.20.2021

April Renewable Fuel Consumption Slows

04.29.2021

Strong Demand from Mexico and China Lifts Soybean Exports

04.22.2021

Wheat Exports Reach 10-Week High

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...