Biofuel policies have had a growing impact on vegetable oil demand and trade flow over the past year. In December 2022 the EPA finalized a canola oil pathway allowing it to be used as a RIN generating feedstock in renewable diesel fuel production.
Renewable diesel capacity has expanded significantly, growing from approximately 785 million gallons at the end of 2021 to 3.8 billion gallons today. Feedstock concerns helped push EPA to approve the canola oil pathway. Growing biofuel demand has worked to shift trade patterns. According to the USDA, US vegetable oil exports have declined significantly, while vegetable oil imports increased to record levels.
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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...