The Jacobsen B100 index rose in the week ending Thursday May 23 amid uncertainty in the US biodiesel market due to a combination of factors, including reduced soybean crush volumes in April, higher-than-expected fuel consumption in 2023 and the effect that Small Refinery Exemptions (SREs) will end up having on the market. Volatility is likely to remain in the near term, especially during an election year.
The bean oil/heating oil (BOHO) spread measures the profitability for producing biodiesel from soybean oil. The wider the spread, the more costly production is. Renewable Identification Number (RIN) prices generally rise in response to the increased cost, helping to incentivize additional production.
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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...