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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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...