Daily Charts
Biomass-Based Diesel RINs Hold Ground
The 2020 biodiesel RIN (B20) gained fifty cents, pushing to a 79.50 bid versus an 80 offer at the end of the day. The B20 RIN traded at 79.50 while the B19 and B21 finished unchanged. Ethanol RINs also finished the day where they left off on Friday.
Soybean oil and heating oil, the two components in the bean oil/heating oil spread (BOHO), finished the day lower. Heating oil followed crude lower, slipping nearly four cents to $1.16 per gallon. Soybean oil saw a steeper decline, falling 2.5 percent or 85 ticks to 33.16 cents per pound for November delivery. The larger decline in soybean oil allowed the BOHO to edge 2.6 cents lower to $1.28 per gallon.
California’s LCFS credit continues to quietly hold in the min $190’s. There is a myriad of factors that affect the…
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...