Crude Glycerin Price Holding Steady

Crude Glycerin Price Holding Steady

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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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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