05.08.2024
May STEO forecast, 2024 RVOs
The Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) showed a decrease in 2024 fuel consumption estimates. This lowered renewable fuel blending estimates for the year, leading to...
Three cars of renderer grade bleachable fancy tallow (BFT) traded down to 45 cts/lb Chicago this morning on what was an otherwise quiet day in the Chicago market. Gulf action was seen in a range of 44 – 45.75 cts/lb for BFT. There continues to be a mix of long and short positions in pockets around the US. Sources have reported some regional tightness for tallow, but there have also been sub-40 cts/lb FOB trades indicated outside of the reported geographical regions. Sources have commented that demand for January is better than what has been seen in December.
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