Biodiesel prices continue to drift lower, reaching lows last seen in January 2022. Glycerin values appear to be bottoming and edged higher for a second consecutive week. Soybean oil prices climbed slightly but remain in a downward trend.. Margins narrowed last week and are in the red for some RBD soybean oil users, depending on fixed costs.
Biodiesel prices have only managed to move higher in one of the past 26 weeks but with domestic demand rising 14 percent in March, based on the EPA’s monthly EMTS report, biodiesel prices might be seeing some support. Year over year, domestic biodiesel production is down four percent.
The average price for soybean oil increased one percent last week for RBD and 0.8 percent for crude degummed soybean oil (CDSO). RBD pricing is 1.2 percent below month ago levels while CDSO three…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...