RIN prices continued to rapidly move higher this morning, with B24 RINs reportedly pushing up to 60 cents before pulling back later in the day. There was market speculation surrounding the EPA potentially limiting imports of some Asian UCO. This has not been confirmed, nor has it been confirmed the EPA is even considering any UCO exclusions.
The D4 B24 RIN closed at 56.75 cents, 24 percent above where it was trading at this time last week, but still down 27 percent from the start of the year. Today’s RIN rally provided relief for margins. While renewable diesel margins have been solidly in the black, stand-alone biodiesel producers have been operating at, or near, the red.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...