Soybean oil futures closed higher on Thursday May 16 amid technical buying.
The US Environmental Protection Agency (EPA) released its April update on renewable fuel and Renewable Identification Number (RIN) generation under the Renewable Fuel Standard (RFS) on Thursday afternoon. Renewable diesel (RD) and RIN production showed a sharp increase from the month prior, a likely indicator feedstock demand will rise.
The April RIN increase can be attributed to the April 2 commencement of the Rodeo Renewed RD refinery. The Rodeo refinery is expected be the third largest RD facility in the US, with its operations consuming large additional quantities of feedstock in the production of fuel. The refinery is producing about 30,000 barrels per day of RD and is expected to produce over 50,000 bpd by the end of the second quarter.
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10.04.2024
US RD interregional shipments decline to 6-month low in July: EIA
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report released Monday September 30, showed that July interregional shipments of renewable diesel (RD) and biodiesel to the US West...
10.04.2024
Geopolitical tensions, policy uncertainty stymies US animal fats, oils trade
The Missouri River choice white grease (CWG) market moved to a low of 42.5 cents per lb FOB after trading was done late on Thursday October 3.
Distiller’s...
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Hurricane Helene impact on US animal proteins still unknown
US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities...