Daily Charts
The RINs market remains relatively subdued. The 2019 biodiesel RIN went unchanged from yesterday’s close, holding at 58 bid versus a 59 offer. The 2020 biodiesel RIN increased half a cent in value to 61.50 and the 2021 biodiesel RIN was quoted 60 bid versus a 64 offer.
The LCFS credit continued to stabilize around the $200 mark. Bids were last seen for $199 against offers at 203 in the prompt market. Fourth quarter 2020 and first quarter 2021 were showing $198 bids. Further down the curve, there was a fourth quarter 2022 trade at $194. In Oregon, the CFP credit was showing a $130.50 offer. $129 reportedly traded yesterday.
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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...