Biodiesel pricing is seen moving higher this week across much of the Midwest and south-central US. California biodiesel pricing was mixed, but mostly higher. Economics and questions surrounding the 2025 producers tax credit are souring many on the market.
A blender mentioned sentiment at the NIOP meeting was pessimistic surrounding renewables, oil, and the crush. Many companies are backing off making Q4 decisions without additional clarity on the tax structure.
Without knowledge on how CI scores are going to be calculated, modeling for the future will not work. Understanding market economics is a challenge when the pieces are all in place, but when key components are removed, the market slows.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...