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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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...