Deficits in the Renewable Fuel Standard (RFS) program soared by 50% and Renewable Identification Number (RIN) prices climbed by 13% in the two trading days following the release of the Environmental Protection Agency (EPA)’s annual compliance data report on May 16.
The EPA implemented safeguards in 2023 to correct a growing discrepancy between projected and actual fuel consumption that caused deficits in the RFS program to grow. The EPA added a 3.5% buffer to account for continued shortages in the projected fuel consumption estimates, but this measure fell flat.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...