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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