**Please note – Ryan Standard was out of the office today.**
The market was quiet on Thursday, with few price changes reported. Participants continued to point to diminished demand from the biofuel sector. Trading has been limited by weakness in soybean oil, as well as diesel and renewable identification number (RIN) markets.
The use of fats, oils and greases (FOGs) in biofuel production totaled 1.147 billion pounds in November 2023, down three percent on the month to a four-month low, according to the U.S. EIA’s latest Monthly Biofuels Capacity and Feedstocks Update released on January 31.
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12.10.2024
September renewable diesel shipments to West Coast reach new high
September interregional shipments of biodiesel to the West Coast were down, while flows of renewable diesel (RD) to the region reached a six-month high, monthly data released on November...
12.10.2024
Gulf UCO prices continue to rise, Midwest fats remain ‘soft’
Prices for used cooking oil (UCO) delivered to the US Gulf Coast continued to climb on Tuesday December 10, even as markets softened in other regions.
Sizeable volumes...
12.10.2024
Bloodmeal prices rise with strong demand
Ruminant bloodmeal traded higher late Monday and on Tuesday December 10, up to $1,200 per short ton FOB Missouri River.
The move comes due to increased demand and...