Biodiesel prices continue to drift lower, reaching lows last seen in January 2022. Glycerin values appear to be bottoming and edged higher for a second consecutive week. Soybean oil prices climbed slightly but remain in a downward trend.. Margins narrowed last week and are in the red for some RBD soybean oil users, depending on fixed costs.
Biodiesel prices have only managed to move higher in one of the past 26 weeks but with domestic demand rising 14 percent in March, based on the EPA’s monthly EMTS report, biodiesel prices might be seeing some support. Year over year, domestic biodiesel production is down four percent.
The average price for soybean oil increased one percent last week for RBD and 0.8 percent for crude degummed soybean oil (CDSO). RBD pricing is 1.2 percent below month ago levels while CDSO three…
01.30.2025
Diamond Green Diesel will look to Europe for RD, SAF: Valero
The most attractive markets for renewable diesel (RD) and sustainable aviation fuel (SAF) are Europe and the UK, Eric Fisher, senior vice president of US-based fuels producer Valero, said...
01.30.2025
DCO holds firm while animal fats sentiment softens amid market uncertainty
Activity in the US animal fats and oils markets eased on Thursday January 30 as the month neared its end on a more cautious note amid ongoing uncertainty.
01.30.2025
Limited hide bidding interest; some Chinese tanners engage for discounts
Several hide sellers noted limited bidding interest on Thursday January 30, except for one packer who received strong volume bids from Chinese upholstery and shoe tanners despite the ongoing...