Solid Q4 Lifts Oregon CFP Credit Bank
Following a poor 2020 Q3 reporting that had deficit production outpacing credits by 37,055, the Oregon credit bank returned to solid footing in Q4. Credit production exceeded deficit production during the fourth quarter by 23,726.
Demand for gasoline and diesel declined in the fourth quarter relative to the third quarter. This is similar to what was seen in California but with a much steeper decline in gasoline demand in Oregon compared to California. Fourth quarter gasoline demand was 20 percent below third quarter and generated 46,136 fewer deficits. Ethanol demand only fell 12 percent and generated 12 percent few credits.
Fourth quarter diesel demand was ½ of a percent below third quarter demand but deficit generation was 1.2 percent…
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...