Biodiesel pricing is seen moving higher this week across much of the Midwest and south-central US. California biodiesel pricing was mixed, but mostly higher. Economics and questions surrounding the 2025 producers tax credit are souring many on the market.
A blender mentioned sentiment at the NIOP meeting was pessimistic surrounding renewables, oil, and the crush. Many companies are backing off making Q4 decisions without additional clarity on the tax structure.
Without knowledge on how CI scores are going to be calculated, modeling for the future will not work. Understanding market economics is a challenge when the pieces are all in place, but when key components are removed, the market slows.
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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...