WTI Crude and ULSD prices edged one percent lower last week. WTI values dipped from $61.42 per barrel to$ 60.97 and ULSD slipped a penny per gallon to $1.81. Soybean oil prices fell three percent, but the decline conceals the volatility seen in vegetable oils. Soybean oil price dropped from 53.87 cents per pound to 52.48, but not before prices climbed to 57.48 midweek.
Feedstock (soybean oil) prices fell more than ULSD prices for the week, which allowed the bean oil/heating oil spread (BOHO) to narrow from $2.14 per gallon to $2.05. Biodiesel RINs have been trading near all-time highs. On March 16, the 2021 biodiesel RIN reached $1.51 surpassing its previous high of $148.50 in July of 2013. Last week, some of the pressure was taking off biodiesel RIN values with the BOHO moving lower. The 2021 biodiesel RIN declined three…
01.08.2025
Tallow trades persist amid tight markets; DCO, ethanol production down slightly
Trade in the US tallow markets continued to gain momentum on Wednesday January 8, following sluggish demand throughout much of December.
Another four railcars of packer-grade bleachable fancy tallow (BFT)...
01.08.2025
US ruminant meat and bonemeal prices fall further in most regions
Meat and bonemeal spot prices in the US dropped further on Wednesday January 8. A sizable number of distressed loads of both porcine and ruminant meat and bonemeal were...
01.08.2025
US weekly ethanol production drops; stocks reach 7-month high
US weekly average ethanol production fell to 1.102 million barrels per day in the week to Friday January 3, according to the US Energy Information Administration (EIA) report released...