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...
**Please note – Ryan Standard was out of the office today and will return on May 12. In his absence, please contact Amanda Luhavalja at [email protected].**
Trading was a bit more active today, with a handful of deals and price changes reported. Three cars of packer BFT sold at 56.50 cents Chicago, after offers earlier in the day as high as 58 cents were left on the table. In addition, three railcars of choice white grease traded at 55 cents Chicago, up from 53 cents previously.
Although sellers have been trying to push for higher prices, the tenor of the last few sessions has generally been quiet. This was attributed to the fact that many biodiesel producers appear to have most of their short-term needs covered. In addition, recent weakness in heating oil prices has pressured biomass-based diesel margins, while the ongoing slide in soybean oil markets has been keeping a lid on pricing for fats and greases and providing an…