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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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...