A majority of the feedstock used in biodiesel production in the U.S. comes from soybean oil. To look at the health of the industry, soybean oil-based biodiesel margins provide some insight.
Biodiesel margins continued to trend lower in the final two weeks of 2021 as softer biodiesel and reduced glycerin prices were met with rising soybean oil costs. During the first two weeks of 2022, margins moved lower during the first week but rebounded in the second week as soybean oil prices shifted lower.
NOPA released their December crush data for December. The crush hit an all-time high in December of 186.4 million bushels crushed. The record crush helped lift soybean oil stocks to a 20-month high of 2.031 billion pounds.
Despite the record crush, the USDA left its crush projections unchanged for the current crop season at 2.19…
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...