Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
Trading was mostly quiet today with heating oil values lower, but RIN and SBO trading higher. Both buyers and sellers continue to report that there is plenty of nearby supply available in the market, but buyers have been thus unwilling to bid on material.
“I’m not going to bid on what I don’t need,” has been an oft repeated statement over the last couple of days from both end users citing well covered positions and from traders who have suggested that many of their short positions have been covered over the last few weeks.
Choice white grease did trade lower and stronger kills combined with weaker biodiesel demand have pushed prices down in the FOB markets today.