**Please Note – Bob Lane was out of the office today and will return on March 14.**
Industry Group Calls for RFS Finalization to Foster Energy Independence
Industry group Clean Fuels Alliance America sent a letter to U.S. President Joe Biden on March 10, urging his administration to finalize proposed Renewable Fuel Standard (RFS) volumes for 2021 and 2022 to help promote U.S. energy independence. Amid heightened geopolitical tensions, most notably Russia’s recent invasion of Ukraine, prices for most commodities, but espeically crude oil and gasoline, have soared as a result of economic sanctions and supply disruptions. Russia is a major supplier of the world’s crude oil.
“Reducing [the] availability of biodiesel and renewable diesel right now would impose higher costs on American consumers – both in the price of fuel and other goods today and in terms of health tomorrow. We urge your administration to have confidence in 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...