Trading was very quiet today with no changes reported. Sellers indicated that buyers were hard to find with soybean oil futures off sharply and RIN prices collapsing. Heating oil prices moved lower as well, further pressuring renewable margins. Sources have also indicated that the market is generally concerned over an oversupply of fuel relative to the RFS mandate and which is weighing on RIN values.
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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,...