Biodiesel RIN values held steady last week while ethanol RINs edged higher. The 2020 and 2021 biodiesel RINs attempted to push higher on Monday and Tuesday of last week, but price support failed the rest of the week. Biodiesel RIN prices ended the week at the same price the closed the week prior. The 2020 and 2021 ethanol RIN prices managed to reach higher ground, finishing the week with marginal gains.
The price spread between biodiesel and ethanol RINs has narrowed over the prior two-week period. The spread had widened to 35 cents, indicating the market believed the EPA and White House would step in and provide renewable blending obligation (RVO) relief to obligated parties. Renewable fuels advocates have been fighting this speculation and have the market questioning whether this relief will be provided. The…
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...