The combination of reduced gasoline demand and a proposed D4 RVO that was well below market expectations, led to the slowing of renewable fuel production in April. Obligated parties are likely reassessing the market ahead of the EPA’s expected June announcement that will finalize the 2023 through 2025 RVOs and could lead to an adjustment in one or more of the RVO categories. Slowing gasoline demand in a somewhat suspect economy led to a reduction in ethanol blending. D4 credit generation, which appeared to be getting ahead of itself, also slowed during April.
There was 1.6 billion gallons of renewable fuel blended into the national transportation motor pool during April according to data released today by the Environmental Protection Agency. Renewable fuel consumption was 4.4 percent below March,…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...