Vertex Successfully Hit Top End Projections but Poor Margins are Limiting Run Rates
Rising feedstock costs are taking a bite out of biodiesel and renewable diesel production margins. Soybean oil isn’t only the most widely used feedstock in the production of biomass-based diesel, but it is often the bell weather indicator of where feedstock prices might be headed.
Crude degummed and RBD soybean oil prices have seen a steep runup in price since the end of May. Crude degummed prices have increased 47 percent, climbing from an end of May weekly average price of 51.2 cents per pound to a 75.3 cents per pound at the end of July. The average weekly RBD price climbed 40 percent, from 62.3 cents per pound to 87.2 cents per pound during the same period.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...