The US soybean oil futures took a nosedive yesterday following the release of the required volumetric obligation (RVO) release by the US Environmental Protection Agency (EPA). The final mandated amount of fuel to be blended into the nation’s fuel supply has been awaited since the initial release in November and there has been a strong effort from the renewable fuel industry, amongst others, to boost the volume to be more reflective of the capacity growth in place now, and forthcoming, from the renewable diesel sector.
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01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...