After digesting the Supreme Court ruling, the RIN market brushed off the news, turning its attention to renewable volume obligations (RVO). If the EPA holds the 2021 mandate near the 2020 mandate, there remains concern about ethanol and the 10 percent blend wall.
In the Energy Information Administration (EIA) Short-Term Energy Outlook. The forecast for gasoline consumption is currently 133.98 billion gallons, while the outlook for ethanol consumption is only 13.76 billion gallons. Not quite the 10 percent the market is looking for. Adding to the ethanol stress is whether or not the EPA is going to roll in the three-year average of SRE gallons that were previously granted and are supposed to be rolled back in and accounted for.
If there is an ethanol related gap within the upcoming RVO, biomass-based diesel will become the marginal…
02.26.2025
US animal fats and oils prices steady as weaker RINs, energy markets weigh on sentiment
The US animal fats and oils markets held mostly steady on Wednesday February 26 as sentiment softened amid expectations that prices may have little room left to move higher,...
02.26.2025
Single species MBM prices rise; mixed species MBM continues to lag
Porcine meat and bone meal (MBM) prices were higher on Wednesday February 26, trading up to $280 per ton FOB Missouri River and Eastern Iowa/Illinois.
Sources reported that...
02.26.2025
US weekly ethanol production drops; stocks hit 4-year high
US weekly average ethanol production decreased to 1.081 million barrels per day in the week to February 21, according to the US Energy Information Administration (EIA) report released on...