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…
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...