05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
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.
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