The US biofuel industry consumed 1.77 billion lbs of vegetable oil as a feedstock during April, up by 6% from March and up by 20% from the 1.5 billion lbs consumed in April 2023, according to data released on Friday June 28 by the Energy Information Administration (EIA). Total feedstock consumption reached 3.07 billion lbs and vegetable oils accounted for 58% of the total.
Soybean oil and canola oil are the primary vegetable oil feedstocks used in the production of biodiesel and renewable diesel. Prices for these commodities reached a near-term peak in March, with vegetable oil prices softening throughout April and early May.
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10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...