U.S. biodiesel imports reached a five-month high in August and continue to surpass the monthly 2022 import pace. Exports demand was softer in August, falling to a four-month low, but remaining on pace to exceed the record-setting pace of 2022.
Imports through August have reached 314 million gallons, surpassing full-year 2022 imports by more than 30 percent. There were 42.2 million gallons received during August, 33 percent above July and 150 percent over the 16.8 million gallons received during August 2022. Additionally, imports were 247 percent above the five-year August average of 12.2 million gallons.
August imports arrived from five countries, up from four in June. Germany, Canada, and Spain were the top contributors, supplying 79 percent of the volume. Italy and South Korea provided the remaining 21 percent. Biodiesel imports are averaging 39 million gallons per month, noticeably above the 2022 average of 19.7 million gallons.
…
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...