California Air Resources Board (CARB) is scheduled to release their first quarter 2020 supply and demand data on July 31. The Jacobsen expects biodiesel consumption to come in below CARB forecast and renewable diesel to be over forecast. Strong renewable diesel margins continue to make RD the liquid molecule of choice in the California Market.
Historically, Q1 has not been a sterling quarter for RD. Therefore, we have skewed our RD forecast slightly lower than we would otherwise expect. The Jacobsen expects about 184 million gallons of RD to be consumed during the first quarter of the year. Neste had a catalyst change scheduled during the second quarter at their Singapore plant, so it wouldn’t be surprising if they shipped more product ahead of the scheduled change. The catalyst change was expected late in the second…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...