04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
The market was fairly quiet today with not a lot of action reported. Choice white grease did trade lower into the Chicago market at 54 cts/lb. The FOB market was quiet and remains well supported by demand for trucks, there were asks out for higher delivered rail values basis the strength in the truck market, but there are pockets of heaviness in the rail sector.
Strong truck demand boosted the distiller’s corn oil (DCO) market today with trading seen as high as 56 FOB for June and July shipment. The move higher comes despite lower soybean oil prices, which were down 101 basis points (1.01 cts/lb) on the July contract today. Cash values have been pegged between +275 points FOB IL to +500 del US Gulf. With Manly, IA trading at 57.25 today, the implied…