RD Generates 40% of Q3 2023 LCFS Credits, Bank Hits New All-Time High

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RD Generates 40% of Q3 2023 LCFS Credits, Bank Hits New All-Time High

Alexandra Watts | 01.31.2024


California LCFS Third Quarter 2023 Update

The credit bank pushed to new highs during the third quarter of 2023 according to data released today by the California Air Resources Board. Renewable diesel continues to replace petroleum diesel at a more rapid pace than originally anticipated, resulting in credit generation vastly over CARB’s forecast.

There were 2.2 million credits added to the bank during the third quarter of 2023, bringing the cumulative total to 20.6 million credits. This was...

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Distiller’s Corn Oil Production Rebounds but Trails Late 2023 Average

Distiller’s Corn Oil Production Rebounds but Trails Late 2023 Average

Three cars of renderer grade bleachable fancy tallow (BFT) traded down to 40 cts/lb Chicago, and distiller’s corn oil...

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Broiler Slaughter Forecast to Trend Lower through February

Broiler Slaughter Forecast to Trend Lower through February

Trading was very quiet to close out the month with no changes reported. 

For the week ending Feb...

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Ethanol Production Rebounds, Stocks Drop

Ethanol Production Rebounds, Stocks Drop

Most CME grain prices were higher on Wednesday. The only grain market with a decrease was March...

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EU Deforestation Regulation (EUDR) To Increase Traceability of Cattle Hides

EU Deforestation Regulation (EUDR) To Increase Traceability of Cattle Hides

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Corn Oil, Sunflower Oil Cash Markets Step Down Again

Corn Oil, Sunflower Oil Cash Markets Step Down Again

Cash market indications for corn oil and sunflower oil extended lower this week. Overall lackluster vegetable oil demand from...

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Knowledge Transfer Key to Expanding Domestic Supply

Knowledge Transfer Key to Expanding Domestic Supply

Domestic organic feed grains are a relatively inelastic supply. There is a...

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NASDA Renews Support for 1% THC Threshold

NASDA Renews Support for 1% THC Threshold

The entire definition of hemp is underpinned by a .3 percent THC...

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Average LCFS Spot Market Price Tumbled Last Week

Average LCFS Spot Market Price Tumbled Last Week

Weekly LCFS credit volume increased slightly last week, as credit prices continued to move lower. Volume is expected...

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