**Please Note – Bob Lane is out of the office this week, returning Monday, July 26th. in his absence, please contact Ryan Standard at 331.276.8227 or [email protected] with any questions, comments or trading.**
Biofuel and credit prices were higher today and the crude and heating oil markets rebounded after yesterday’s sell off. Reuters broke news late in the day of a delay to the biofuel blending mandates due to political considerations by the White House. The Biden administration may be following a similar playbook from the Obama-era EPA which delayed setting blending levels for two years before releasing the delayed targets at the end of November of 2015. RIN prices were higher today, but the continued uncertainty out of Washington DC could have a negative, short-term effect.
Daily Charts
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05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...