Uncertainty Leaves RINs Volatile
Biodiesel RINs continue to pare losses after falling 33 percent following remarks the White House was considering aiding refiners that have seen compliance costs rise sharply in recent months. RIN values had fallen up to 33 percent in value with the D4 biomass-based diesel RIN dropping from $2.03 before the announcement to $1.37 in the days following. Values began to stabilize on Friday and continued to climb higher on Monday, with the D4 RIN settling at $1.59.
The renewable fuels market continues to operate without renewable volume obligations (RVO’s) for 2021 and the supreme court is expected to issue their ruling on small refinery exemptions (SRES) within the coming weeks. These two issues will have a huge impact on where RIN values stand. A move by the Administration to roll back…
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...