Biodiesel prices were lower today on weaker heating oil prices. Yesterday’s boost from tied to shipping concerns over the Suez canal blockage were nearly washed away today with heating oil settling at $1.7478 per gallon. LCFS credit prices and RINS were lower today and there is some speculation that the potential for Argentine biodiesel or Brazilian sugar cane ethanol may be making its way into the US adding to the supply. The anti-dumping duties for Argentine biodiesel from the US remain in place and according to Bloomberg, have cleared a recent legal challenge. The markets feel highly speculative at the moment on the feedstock side of the trade, the volatility has pushed a lot of buyers to the periphery while a more clear direction can be ascertained.
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...