The crude glycerin market is feeling the impact of reduced demand and strong supply. A month ago, finding pricing deals in the crude market took a little work. Lately, favorable pricing seems to be everywhere, causing buyers with storage options to wonder if they might have started filling their tanks up too soon.
June biodiesel consumption of 181.9 million gallons was 12 percent over May output and 11 percent above June 2019. The pandemic skewed demand for fossil fuels. Projected gasoline demand was reduced more than diesel demand. Ethanol production was quick to react and quickly lowered output. Diesel demand pulled back but there has not been corresponding pullback as seen within the ethanol market.
The original blending mandate called 2.43 billion gallons of biomass-based diesel to be blend with diesel fuel and another 340…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...