Biodiesel prices widened in the week to Wednesday October 9 with offers as high as $4.42 for B100 and as low as HO minus $0.41(at the time of the quote), which is the approximate equivalent to B100 at $3.90.
A fuel blender indicated trades are not taking place at the high end of the price range, but the higher prices are indicative of market participants concerns heading into the first quarter.
The market is slowing, one producer said, adding that “it feels like everyone is sold out for the fourth quarter with no progress being made on first-quarter pricing,”
The confusion for first-quarter pricing centers on the expiring blenders’ tax credit (BTC) transitioning to the 45z clean fuel production credit (CFPC) on January 1, 2025.
The BTC is a straightforward $1.00 per gallon tax credit, while the CFPC’s value will range on the greenhouse gas (GHG) reduction the fuel achieves, thereby encouraging the use of lower carbon intensive (CI)…
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...