Three cars of renderer grade bleachable fancy tallow (BFT) traded at steady prices today into/through the Chicago market. Trading outside of the BFT trade was very quiet today after Reuters broke news that the Biden administration is mulling over plans to reduce pressure on the obligated parties in the RFS program. There is speculation that the renewable volume obligations (RVO) could be cut. RIN prices have come off today, reversing direction that had allowed biofuels producers to bridge the gap between the high-priced feedstock market relative to the heating oil market.

Prices were sharply higher on a number of products this week. Choice white grease (CWG) saw the biggest week-on-week change at 4.9 percent. Strong demand from the renewables sector helped to boost CWG prices, as well as distillers corn oil (DCO). DCO prices were up 3.5 percent compared to the week prior average. Soybean oil prices averaged 1.3 percent higher for the…