Biodiesel Market

Closing Comments

The 2019 biodiesel RIN moved higher to start the week, trading last at 56 cents and going out 55.5 bid versus a 56.5 offer.  The 2018 biodiesel RIN market was quiet and settled 52.5 bid versus a 53-cent offer. California’s LCFS credit held at Friday’s close, $195 bid against a $197 offer. At this LCFS price level, a gallon of biodiesel made from tallow with a CI of 35 would generate a per gallon credit of…