EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) July Monthly Biofuels Capacity and Feedstocks Update showed operable U.S. biofuel capacity at 23.493 billion gallons, four million gallons above June and 2.024 billion gallons above July 2022. U.S. biofuel capacity is at an all-time high. The Petroleum Supply Monthly report, also released today, disclosed refinery and blender net inputs of renewable fuel to be 30 million barrels, 80 thousand barrels above June, and 409 thousand barrels above July 2022. U.S. inputs of renewable fuel were 64 percent of capacity.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...