Stronger than expected December domestic renewable diesel (RD) production may be having an impact on several areas within the biofuel sector. Recently released EPA EMTS blending data for December, showed domestic RD blending increased to 459 million gallons, 33 percent above November, and 81 percent higher than in December 2022.
December domestic RD production was at an all-time high and will likely climb higher as the Rodeo Renewed refinery moves to become fully operational during the second quarter and there are reports that plants that were down are ramping back up for production, or have already restarted.
Increased capacity and strong biomass-based diesel production may have the market contemplating RINs as overvalued. RIN prices have fallen sharply over the past couple of days and could be headed lower without a strong need to incentivize production.
…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...