Demand for canola oil as a feedstock in the US has steadily increased in recent years. This is evidenced by feedstock demand data provided by the California Air Resources Board (CARB) and the Energy Information Administration (EIA).
CARB data shows canola oil taking a larger proportion of the biodiesel feedstock mix. Canola oil accounted for 8% of the feedstock used to produce biodiesel in the California market in 2022. The amount increased to 21% in 2023 and to 32% in the first quarter of 2024.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...