US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing by 10%, while export volumes fell for the fourth consecutive month.
The US imported 23 million gallons of biodiesel during November 2024. This was 9% above the 21 million gallons imported in October 2024 but 51% below November 2023 imports of 47 million gallons.
Import volumes have been declining ahead of the lapsing $1 per gallon Blenders Tax Credit (BTC). The BTC had incentivized biodiesel imports to the US, whereas the BTC’s replacement, the 45z credit, does not. The November import volume was 23% below the five-year November import average.
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01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
01.07.2025
Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
01.07.2025
Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...