Prices for US renewable identification numbers (RINs) tumbled in the week to Friday August 16, due in part to ongoing robust generation under the Renewable Fuel Standard (RFS), another bearish indicator for the US soybean oil market.
Fastmarkets assessed the 2024 D4 RIN price, which relates to the supply of renewable diesel, at $0.5350-$0.5400 per RIN on Friday, down by over 12% week on week from $0.6125 per RIN on August 9.
RIN generation totaled 14.42 billion during January-July, up from 12.18 billion in January-June. The overall mandate calls for 21.54 billion RINs to be produced this year. The program is now 67% complete, with five months remaining in 2024. RIN production in July was 2.24 billion, up by 4.8% month on month and by 13% year on year.
…
09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...