Early indications this week have glycerin prices holding steady from last week’s levels. Crude glycerin values continue to hold in the 7.5 to 10 cents per pound level, while reports continue to show kosher crude values receiving a small premium to crude. Market participants surveyed were worried about biodiesel margins moving into the second quarter and beyond.

Producers using soybean oil as a feedstock received a small boost in margins as soybean oil prices declined 72 points to 48.7 cents per pound and ULSD prices edged higher, pushing the bean oil/heating oil (BOHO) spread lower.  A declining BOHO takes some pressure of production economics and can lead to lower RIN prices.

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