Biodiesel RIN prices were flat, on average, today. Trading was done in a wider range for the B20 vintage D4 RIN. Higher heating oil prices gave biofuels a boost today after news of a container ship blocking the Suez Canal helped to rally prices over short-term supply concerns. Fundamentals remain in place and there is concern that supply may weigh on prices again in the short term.
Distillers corn oil (DCO) prices did increase today on tight supply and some defensive buying. The Jacobsen is estimating DCO production at 8.75 million pounds per day, down 5 percent from last week.
Daily Charts
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...