June generation of renewable identification numbers (RIN) under the US Renewable Fuel Standard (RFS) took total 2024 RIN output to 12.07 billion RINs. The overall mandate calls for 21.54 billion RINs to be generated. Production through June is 56% complete with six months to go. June RIN production was 2.03 billion, 2% below May and 1% under June 2023.
The RFS mandate is comprised of four explicit mandates and one implied mandate.
There is the total fuel mandate of 21.54 billion RINs, a cellulosic biofuel mandate (D3) of 1.09 billion RINs, a biomass-based diesel (BBD) mandate (D4) of 4.86 billion RINs (out of 3.04 billion gallons; the RFS assumes 1.6 RINs per BBD gallon), and the advanced biofuels mandate (D5) of 6.54 billion RINs.
…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...