RIN prices have matched all-time highs reached back in July of 2013. Biodiesel RINs climbed 14 percent in value over the past week, settling at $1.48½ cents on Friday. This is 19 cents per RIN over the prior Friday close and matches the high achieved on July 17, 2013. A year ago, biodiesel RINs were trading for 46 cents.
Ethanol RINs have increased in value at a more rapid pace than biodiesel RINs. Over the past week ethanol RINs are up 20 percent, settling at $1.43 on Friday and also matching the value seen on July 17, 2013. Biodiesel RINs are 223% higher than they were a year ago, but ethanol RINs have more than doubled the biodiesel RIN rise. Ethanol RINs are up 479 percent.
Energy and soybean oil prices have not climbed as fast as RIN values. ULSD prices gained one percent in value last week and are 73 percent higher than a…
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...