The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel producers don’t seem to have noticed.
Biodiesel margins came under pressure in late 2023 but have since recovered, allowing producers to put in strong production numbers over the first quarter of 2024. First-quarter production is five percent above the first quarter of 2023, and 13% over the first quarter of 2022.
Biodiesel production is trending higher in the US, keeping the supply of glycerin, a co-product of biodiesel production, elevated. Prices are not uniform across the US. On the West Coast, there is a shortage of crude glycerin, keeping prices somewhat supported, while in the Midwest, the supply of crude glycerin is substantial, according to sources.
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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...