Lower Margins are Slowing Run Rates

Lower Margins are Slowing Run Rates

 

 


Vertex Successfully Hit Top End Projections but Poor Margins are Limiting Run Rates

Rising feedstock costs are taking a bite out of biodiesel and renewable diesel production margins. Soybean oil isn’t only the most widely used feedstock in the production of biomass-based diesel, but it is often the bell weather indicator of where feedstock prices might be headed.

Crude degummed and RBD soybean oil prices have seen a steep runup in price since the end of May. Crude degummed prices have increased 47 percent, climbing from an end of May weekly average price of 51.2 cents per pound to a 75.3 cents per pound at the end of July. The average weekly RBD price climbed 40 percent, from 62.3 cents per pound to 87.2 cents per pound during the same period.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.01.2024

Cold, Winter Weather Impact January Soybean Crush

Cold, Winter Weather Impact January Soybean Crush

**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**

U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...

03.01.2024

Week Closes with Active Gulf Market

Week Closes with Active Gulf Market

Used cooking oil (UCO) traded as low as 39.5 cts/lb into the Gulf market with bids and offers heard in a wide range over the last 24 hours. Offers...

03.01.2024

Animal Proteins – Friday

Animal Proteins – Friday

The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

Latest Tweets