Crude glycerin supply is highly correlated with biodiesel production; it is a co-product of the biodiesel production process, and it remains uncertain how many US biodiesel producers will be running in January.
Uncertainty surrounding 2025 biodiesel production is due to a lack of clarity on the 45Z clean fuel production tax credit (CFPC). Several US biofuel producers plan to idle their plants for maintenance, citing the CFPC as a major issue preventing them from pricing the market, Fastmarkets heard.
“Given the uncertainty, we are taking a planned maintenance approach to January with hopes that the CFPC situation will become resolved. If not, we could be down for longer,” one biodiesel producer told Fastmarkets.
The biodiesel production uncertainty affects the glycerin market. Purchasers of glycerin are unable to gauge supply because biodiesel producers cannot commit to production heading toward the end of the year, Fastmarkets heard.
…
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...